Eligibility:- All states in India can benefit from the provisions of the EPF scheme. EPF account registration is mandatory for salaried employees with an income of up to ₹ 15,000. Employees with a salary of more than ₹ 15,000 may register for an EPF account subject to approval from the Assistant PF Commissioner. Organisations with more than 20 employees must register for the EPF scheme between the ages of 18 to 54 years. Organisations with less than twenty employees may join the EPF scheme voluntarily. Employees are entitled to receive a variety of employee provident fund benefits, including insurance benefits and pension benefits, after they become active members of the EPF program.   Benefits for Employer Helps to take benefits of employment generation subsidy. Helps to maintain expense in business. Relief from interest when payment done before due date. Offering EPF to employees can make a company more attractive to potential candidates. Employers are required to comply with EPF regulations, which can help ensure a fair and transparent work environment. To avoid legal problems. To facilitates business transactions. Protects their employees’ financial interests.   Benefits for Employees Retirement savings benefits for long term employees. Tax advantages under section 80C of income tax. Provide financial security and guaranteed returns on investment. Partial withdrawl in emergencies like illness, marriage, education & construction. Receive a lump sum of their contributions, employer contributions, and accumulated interest when they retire. Provide eligibility for free Employees Deposit Linked Insurance (EFLI) scheme coverage of up to Rs. 7 lakhs Employees also take out loans against their EPF balance for emergencies, with a minimal interest rate of 1% per year and must be repaid within three years. Effectively doubling the retirement savings. Offers a competitive interest rate that helps savings grow faster. EPF members can take non-refundable advances during their service period. EPF members receive a final settlement on retirement or two months after they stop being an employee.