Description

EPF Registration

₹ 5,000/- (inclusive all)

  • Submission of Documents
  • Review of Documents
  • Preparation and Submission of Application
  • Govenment Processing Time

Documents Requirements

  • PAN Card of entity
  • PAN Card of Proprietor/Partner/Director
  • Aadhar Card of Proprietor/Partner/Director
  • Digital Signature of Proprietor/Partner/Director
  • Electricity Bill of the Registered Office (not older than 2 months)
  • Shop and establishment Certificate/GST Certificate/ License issued by the government for factory

Procedure

1.Submission of Ducuments

2.Review of Documents

3.Preparation and Submission of Application

4.Government Processing Time

Knowledge Portal

What is EPF ?

Provident Fund (PF) is one of the main platform of savings in India for nearly all people working in Government, Private or Public sector organizations. It is implemented by the Employees Provident Fund Organization (EPFO) of India. Registration has to be done within One month from the date of hiring 20th employees. PF is the best way to provide social security to the employees.

Provident Fund PF is largely an employee benefit scheme prescribed by the Government which provides facilities to the employees of an organization about medical assistance, retirement, education of children, insurance support and housing. It is created with the purpose to provide financial security and stability to employees.

Key Features of EPF Registration

1.Contribution

  • Employee’s contribution – 12% of the basic salary
  • Employer – 12% of the basic salary

2.Tax-free earnings

  • Interest on PF is exempt from tax
  • Withdrawals at maturity or beyond 5 years

3.Financial security

  • Retirement, resignation and on a loss of income
  • Emergencies, Death or disability

4.Benefits

  • A long-term investment for employees
  • Pension & Insurance after retirement

Frequently Asked Questions

1.Who must register with PF Department?

Any company which has 20 or more employees is required to be registered with the PF Department.

2.What is the time taken for EPF employer registration?

It will take 10-15 working days.

3.What is the contribution rate to the Provident fund & pension scheme?

12% of the basic salary deposited in provident fund account is contributed by employers, whereas out of employee contribution of 12%; 3.67% is contributed to the provident fund and 8.33% is submitted in Pension scheme.

4.What is the contribution of an employer?

The Employee contributes 12% of his /her Basic Salary & the same amount is contributed by the Employer. Employer contribution of 12% of basic salary is totally deposited in provident fund account whereas out of Employees contribution of 12%, 3.67% is contributed to Provident fund and 8.33% is deposited in Pension scheme.

5.Is employee provident fund is taxable?

Provident fund contribution by the employer & employee is not a taxable income for Income Tax purpose.

6.What is the required number of employees required for employee provident fund applicability?

Any establishment which employs 20 or more employees, except apprentice and casual laborers, every Employee including contract labor who is in receipt of basic salary up to Rs. 15000 p.m. is covered by the Act. Any establishment which has been covered under the Act once shall continue to be governed by the Act even if the number of persons employed therein at any time falls below 20.