Is your PF Trust ready for its next EPFO inspection?

An exempted PF trust is a private provident fund established by a company under an exemption order — historically under Section 17 of the EPF & MP Act, 1952, and now under Section 143 of the Code on Social Security, 2020 — allowing it to manage employee PF contributions independently of EPFO. As of October 2024 there are 1,276 such trusts in India. Since the EPF Scheme, 2026 replaced the 1952 Scheme on 29 June 2026, exemption runs as a renewable three-year term rather than a permanent status. myPF Software is built exclusively for these establishments — HR heads, CFOs and Finance Controllers at EPFO-exempted companies.

100% on-premise, deployed on your own servers. Your member data, financials and investment records never leave your IT infrastructure. No cloud dependency, no data sovereignty risk. Your IT team retains complete control over access, backups and disaster recovery.

Members get a self-service portal for balances, annual statements, nomination details and claim status. In most deployments this removes the single largest volume of work from the HR desk, because the routine balance enquiry stops arriving by email.

Yes. The gratuity and superannuation modules run alongside the PF trust, including the annual actuarial valuation and the Section 36(1)(v) requirements under the Income Tax Act. Trusts running all three generally want one system of record rather than three.

Yes. Settlement timelines, inspection readiness checklists, 85%/15% investment norm tracking, annual return filing and interest crediting are all aligned with EPFO SOP October 2023. Regulatory updates are pushed via AMC at no extra cost.

Yes. Exemption now runs as a renewable three-year term, and Form-II, Form-III and Form-IV are generated from the trust record rather than assembled by hand each cycle — including the trustee minutes that Form-III depends on.

The system computes the trust’s realised yield against the statutory benchmark so the board can see where a proposed declaration sits inside the corridor the 2026 Scheme allows, before it resolves anything. The floor still binds in a weak year, and the shortfall is shown rather than buried.

Yes, and continuously rather than at year-end. The portfolio is measured against the prescribed allocation pattern as positions change, so a breach surfaces while it is still cheap to correct instead of during the annual audit.

That is the design assumption. Member ledgers, contribution history, interest workings, investment records and filing acknowledgements are queryable by member or by period, with a complete audit trail of who changed what and when. Under the October 2023 SOP, trusts with a corpus above ₹10 crore sit on a priority inspection cycle, so the question is when rather than whether.

Standard deployments go live in 30 days, including on-premise installation, data migration from your existing Excel or legacy system, and on-site training for HR, Finance and IT. Complex multi-location implementations may take 45–60 days. The timeline is confirmed in writing after the free data assessment.

Yes. We have migrated clients from Raycomputech, Vista, PROMIS, C-Quel and a range of Excel-based setups. Migration is a professional service billed at ₹25,000 per engineer-day, following a free data assessment where we confirm scope and timeline before you commit.

Yes, and because the deployment is on-premise it never left your servers to begin with. Member ledgers, contribution history and statutory filings export to Excel and PDF at any point. We would rather answer this before you buy than have it become a reason not to.

Yes. Access is role-based, so an auditor, a trustee and an administrator each see what their role requires and nothing further. Every action is logged, which means the audit trail is itself part of what the auditor can review.

All software updates, including the EPFO regulatory changes that arrive mid-year, plus fixes and support. Support levels are set in your contract against member count. New modules, additional implementation work and infrastructure changes are scoped and quoted separately.