PF Registration
₹9,999.00
Employees Provident Fund (EPF) is a scheme controlled by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated under the umbrella of Employees’ Provident Fund Organisation (EPFO). PF registration is applicable for all establishment which employs 20 or more persons, subject to certain circumstances and exemptions even if they engage less than 20 employees. Under EPF scheme, an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer. The employee gets a total amount including self and employer’s contribution with interest, on retirement or resignation.
PF is one of the primary platforms of savings for working class in India. An Establishment or business is mandatorily required to obtain EIN No. if total employee strength is 20 or more. The total strength of employee Includes contractors or temporary employees like housekeeping staff, daily wage worker security or other temporary workers in the business. Even if a company has employee strength less than 20 then too company can apply EIN. Provident fund Registration certificate should obtain within 30 days from the date of completing 20 employees.
EPF is divided into two parts which are provident fund and Employee Pension Scheme. The subscriber Contribution 12% of basic plus daily allowance goes to Provident Fund. In case of employer contribution, 8.33% goes to Employee Pension Scheme out of 12%, rest goes to the provident fund account.
Considering the number of years of service and the average salary drawn by the person gets the pension. A retired person gets the lump sum EPS money along with PF. The members who complete the age 58 years and completed 10 years of service without any withdrawal gets the benefits of a pension.
Member can withdraw from these accumulations to cater to financial exigencies in life – No need to refund unless misused.
On resignation, the member can settle the account. The member receives his PF contribution, Employer Contribution, and Interest.
Features:
- Mandatory for units with >20 employees
- Provides Insurance Benefits
- Pension Benefits
- Withdrawal Benefits
- Death Benefits
“efilingseva.com” helps you with all the existing Government Registration along with new launched registrations like MSME, Udhyog Aadhar, Start-up India Registration, ESI, PF, Shop and Establishment Etc. The average time taken to complete task is about 10 – 15 working days, subject to government processing time and client document submission.
Get a free consultation for ESI and PF Registration by scheduling an appointment with a efilingseva.com.
Documents Required or PF Registration
Based on the type of entity seeking PF registration, the list of documents required for PF registration would vary as under:
For Proprietorships:
- Name of the applicant
- Pan card of proprietor
- Id proof of the proprietor like Driving license/Passport/Election Card
- Address proof of proprietor.
- Address proof for the premises.
- Complete details of the applicant with their residential address and telephone number
For Partnership Firms / LLP / Company
- Name of the partnership firm or LLP or Company
- Certificate of Registration Firms in case of Partnership firm. Incorporation Certificate in case of LLP or Company.
- Partnership deed in case of partnership firms or LLP.
- Id proof of Partners –Pan card /Election Card / Passport/Driving license in case of Partnership Firm or LLP. ID proof of Directors in case of company.
- List of all partners with telephone number and address proof of all partners in case of Partnership Firm or LLP. List of all Directors with contact details in case of Company.
Society/Trust
- In case of Society, Trust etc, Registration of the organization needs to be done with concerned authority.
- Certificate of incorporation of society/trust.
- Moa and Bye Laws of society and trust.
- Id proof of president and all members of society
- Complete details of president and all members with their complete address and telephone number.
- Pan card of society/trust
Common Documents Required for All Entities
- First sale bill.
- First purchase bill of raw material and machinery.
- GST Registration Certificate, if registered under GST.
- Name of the bankers, address of the bank.
- Record of a monthly strength of the number of employees.
- Register of salary and wages, all vouchers, all balance sheets from day one to current date of provisional coverage.
- Date of joining of employees, fathers name and date of birth.
- Salary and PF Statement.
- Cross cancelled cheque.
| Select Employee Strength | Upto 20 Employee, Upto 50 Employee, More then 50 Employee |
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