PF Registration
PF Registration is mandatory for all those organizations that have 20 or more employees. Such organizations are required to contribute a fixed amount towards Provident Fund out of employee salary. The fixed amount that the employer is required to make is 12% of the Basic Salary plus DA and RA.
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PF Registration required mandatory
Advantage of PF Registration?
- The most fundamental benefit of the Provident Fund is to cover the risks employees and their dependents
- It can be carried forward to any other place of employment.
- This scheme is for all the PF account holders.
- There are many long-term goals such as Marriage or higher education that require the urgent availability of funds
- Digital signatures reduce the risk of duplication or alteration of the document itself.
- Apart from the employee’s 12% contribution towards EPF, an equal amount is contributed by the employer, which includes 8.33% towards Employee Pension Scheme (EPS)
Pricing
(Simple & Clear Pricing. No Hidden Charges)
| Government Fee | Rs 0 |
| Professional Fees | Rs 1,459 |
| Goods & Service Tax | Rs 00 |
| Total Cost | Rs 1459 |
Provident Fund (EPF) Registration
(All you need to know)
Employees Provident Fund Organization [EPFO] is one of the World’s largest Social Security Organizations in terms of clientele and the volume of financial transactions undertaken. EPF is generally like a benefit to an employee during the retirement provided by the organization.
Employees Provident Fund is a means to help employees get a financial cushion when they grow old. Contribution to the fund is also a tax saving option for people working in the government department, public or private sector. Both the employer & employee contribute to the fund every month, which can be used later on retirement. All entities must register with Provident Fund Department within a month as the employee’s count reaches 20. Any delay may result in a penalty.
1. PF Return: Provident fund return must be filed by all entities having PF registration every month.
2. PF Payment: Provident Fund (PF) payments are due on the 15th of each month.
3. UAN: The Employee Provident Fund has launched the Unified Portal to streamline and simplify all aspects of provident fund for both employers and employees.
Documents required for PF Registration
Following Documents are required :-
- Copy of PAN/ COI.
- Address Proof of the Premises.
- Identity and address Proof of the Directors/Partners/Proprietor.
- Details of the resident and all members with address and contact details in case of society/Trust.
- Partnership Deed/LLP Agreement/MOA & AOA.
- Details of employees, details of nominees, details of salary.
- Cancelled Bank Account cheque.
WHY GET EPF ONLINE REGISTRATION FOR EMPLOYER?
PF Registration is mandatory for all the organizations that have 20 or more employees. Such organizations are required to contribute a fixed amount towards Employee Provident Fund out of employee salary and wages. If an employer fails to get EPF employer registration, or indulges in false representation of facts to avoid PF payment, he shall be liable for a penalty of INR 5,000/-.
Step by step procedure for PF Registration
Keep all the document ready required for registration.
Firstly, Visit the main website unifiedportal-emp.epfindia.gov.in On the homepage, you will find an Employer Sign In option click on that.
After You click on the Employer Sign In option you get the below screen where you need to click on the highlighted option i.e New Employer Registration OLRE
Next, you will get an instruction manual screen. Click on "Instruction Manual" to download the PDF. Go through the instruction manual then the tick box and click on Register.
Enter the generated PIN (sent via email or sms) and tick the declaration. An e-mail link will be sent simultaneously to the given email-id, which is to be activated to enable to activated to enable the submission of application for online Registration of establishment.
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Frequently Asked Questions
What if PF registration is not done?
The PF beneficiary will not be able to access the Employer Portal of EPFO and view his PF status unless he has gone through the PF registration process.
How do you receive PF withdrawals?
Currently, any PF withdrawals are credited directly into the beneficiary’s bank account.
What is the rate of PF contribution?
Both the employee and employer contribute 12% of the salary. The employer’s part consists of 12% of basic wages + dearness allowance + retaining allowance.
Who contributes to the provident fund?
It is partly paid by the employer and partly by the employee. Together, this fund is accumulated over the years of service and withdrawn as per the convenience of the employee within the provisions of the law.
What is the timeline relating to PF compliances?
PF Payments are due on 15th of each month and there are no return filings for PF compliance.
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