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Provident Fund Registration
In India, employers who have employed 20 or more persons are required to register with the Employees’ Provident Fund Organization (EPFO) and obtain a Provident Fund (PF) registration number. Employers who have less than 20 employees can voluntarily register for PF. Our dedicated team will help you to your company with
What is Provident Fund Registration?
Every company has to offer its employees an EPF or Employees Provident Fund which is akin to a retirement fund. EPF comes under the purview of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. EPF registration is mandatory for organizations with total employee strength more than 20. Such employers can opt for online PF registration from Vakilsearch. Companies can register for employee provident fund, in 3 easy steps:
1)Free consultation and form filling
2)Connect with a dedicated affiliate for data validation
3) Receipt of PF number
Documents Required For Provident Fund Registration
Any business that wishes to apply for PF needs to submit the following mandatory documents:
PAN card of establishment
1)Certificate of incorporation
2)Cross cancelled cheque of establishment
3)Address proof that is in the name of the establishment. It can be:
4)Rent agreement
5)Water/ Electricity/ Telephone bill
6)Specimen signature of directors and authorized signatories
7)Digital signature of the authorized applicant
8)In case of voluntary registration, consent of the majority of employees
You just need to collect the mandatory documents and send a copy of each document to us. The rest will be handled by our efficient team. From filing the form to verification processes and legal formalities, we handle it all!
Schedule a Consultation Today
If you need legal advice or representation for your business, we are here to help. Contact us today to schedule a consultation with one of our experienced attorneys.
Importance of PF Registration
Compulsory Registration
The Company or Firm employing 20 or more employees is required to obtain registration with the PF department within 30 days of reaching that number. This number is irrespective of salary
Voluntary Registration
The employer with the consent of its employee can also seek optional coverage for its establishment so that their employees avail the benefit of the provident fund.
Meaning of Employee for PF
Full-time employees
Part-Time Employees Employees
Working at Home
Contract Employees / Full-time Consultants
ESIC with PF Registration
As the PF registration is required only when the number of employees reaches 20, hence ESIC registration is also necessary as is required to be obtained when the number of employee reaches 10
Frequently Asked Questions
Any establishment that employs 20 or more employees is required to register for PF. However, establishments with less than 20 employees can also register voluntarily
PF registration provides several benefits, including social security benefits to employees, tax benefits to employers, and a sense of security to employees.
The UAN number is the short form of Universal Account Number Identification Number allotted by the EPFO to its members, this acts as an account number for the employees. The establishment needs to allot UIN number to all existing employees immediately after registration of the establishments.
Both the employee and employer contribute 12% of the salary. The employers part consists of 12% of basic wages + dearness allowance + retaining allowance. If the number of employees is less than 20 in the firm, then the PF rate is 10%.
Registration with the Provident Fund Organisation is mandatory for establishments employing 20 or more employees.However, However, it can also be taken on a voluntary basis with the consent of its employees. A copy of the declaration by the majority of the employee of opting for voluntary registration is attached with the Form.
Every employee of the establishment has to furnish a declaration in Form number 11, the purpose of the form 11 is to give details of the employee to the company/employer for the purpose of doing compliance of the provisions of the PF Act and schemes thereof.
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