Hi All;
I need more insight on how Companies manages their own PF Account. There have been Companies like Wipro, Team Lease etc who manages their own PF Account without linking or partially linking with central Government PF facilities.
How exactly this works? and how Company gets benefits out of this as compared to regular PF?
Thanks & Regards;
Akshata
From India, Bengaluru
I need more insight on how Companies manages their own PF Account. There have been Companies like Wipro, Team Lease etc who manages their own PF Account without linking or partially linking with central Government PF facilities.
How exactly this works? and how Company gets benefits out of this as compared to regular PF?
Thanks & Regards;
Akshata
From India, Bengaluru
Hi,
Those companies maintain by formation of a PF Trust, which needs to be approved by Provident Fund Authorities. For more details please refer the following web link :
https://www.paisabazaar.com/saving-s...pted-pf-trust/
From India, Madras
951Those companies maintain by formation of a PF Trust, which needs to be approved by Provident Fund Authorities. For more details please refer the following web link :
https://www.paisabazaar.com/saving-s...pted-pf-trust/
From India, Madras
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PF - JT BK ACCOUNT ACCEPTABLE.pdf