Provident Fund is a mandatory post-retirement benefit in India (Social Security scheme) provided under the Employees Provident Fund and Miscellaneous Provision Act 1952.
Eligibility
All employees.
How it works
How to enroll
Employees can make a voluntary contribution toward the Employee Provident Fund (EPF), which will be deducted from their salary. Learn how to make EPF contributions.
How to get started
Contributions
Here’s how contributions to the Provident Fund (PF) work:
- Employees contribute 12% of their basic salary toward the EPF.
- Intuit also contributes 12% of your basic salary toward the EPF.
- Contributions by Intuit are not treated as perquisite in the hands of the employee.
- Contributions by the employee are exempted under Sec 80 C (including VPF).
- Contributions are remitted to the regional PF.
- The fund accumulates interest as specified by the government. The current interest rate (2019–2020) is 8.5%.
Complete Form 13 (transfer form) to transfer the balance from your PF account with your previous companies to your PF account with Intuit. This form must be completed and submitted after you receive your second pay slip from Intuit, which will include the PF and UAN numbers you will need to complete the form. This form may also be completed online.
Complete Form 10 and Form 19 (withdrawal forms) if you leave Intuit and withdraw the funds from your PF account instead of transferring them. The process can be initiated by Intuit up to 60 days after your last date of service. The PF department will take additional time to process the forms.
Voluntary Provident Fund (VPF)
You can make a voluntary contribution toward the EPF, which will be deducted from your salary. Learn how to make EPF contributions.
Provident Fund consultants
If you have questions about the PF process, contact a PF consultant. Consultants are available onsite in the Bangalore office twice a month. You can check the Helpdesk schedule on Insight, under Key Resources.
| S.No | Name | Contact details |
|---|---|---|
| 1 | Reddy (1st level) | Contact no: 9844165816 Email: reddy@visbin.com |
| 2 | Vinod (2nd level) | Email: vinod@visbin.com |
Beneficiaries
If you die while covered by the plan, the beneficiaries you name receive payment from the plan. Learn how to name a beneficiary.
Common questions
How do I make EPF contributions?
How do I name or change beneficiaries?
Resources
Where to get help
Darwin, your benefits administrator
+65 6383 1700
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Email
HR Connect
000-8000-505-007
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