Businesses employing more than twenty employees at any time during the year are required to get an EPF Registration within one month of attaining the strength.Any delay in registration will attract heavy penalties. The definition of Employees includes both contractual and permanent employees.
Why Register for Employees Provident Fund (EPF)?
Employees Provident Fund Scheme is a social security benefit scheme implemented by the government in order to secure the financial interests of the employees. In today’s world where every business is striving to get the best workforce, it’s important to have such employee benefit schemes to let them know that the business cares for them.