Workers Provident Fund is a withdrawal benefit scheme for all salaried people and this fund is maintained by Workers Provident Fund Organization of India (EPFO) and any company having 20 workers or further is needed to register with EPFO.
During the working term, hand and employer both contribute 12 percent of the introductory payment of hand into EPF account. Hand's entire 12 percent goes into EPF account and Employer's3.67 percent is transferred into EPF account of hand. Rest8.33 percent from employer's side is diverted in Workers Pension Fund (EPF).
EPF Registration is obligatory for companies/ associations having further than 20 individualities. Registration can be done online and offline both but rather done with online mode.