EPF Registration in India

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EPF Registration

All you need to know

The Employee Provident Fund or PF is a retirement saving scheme provided by the government for all salaried employees in India, on which fixed interest is regularly paid. The Employee Provident Fund is a privilege given by the employer to their employees over and above their basic payment.

 

Employees Provident Fund is a scheme under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated under the purview of Employees’ Provident Fund Organisation (EPFO) which is one of the World’s largest Social Security Organizations in terms of clientele and the volume of financial transactions undertaken. Basically, EPF is normally like a benefit to an employee during the retirement provided by the organization.

 

PF number looks like this:- MH/BAN/0000000/010/0000000. Here are the components in the PF number format:-

MH: These are 1st two characters signifying Regional Office code (e.g. MH for Maharashtra)

BAN: Next 3 characters show code of Regional Office / Sub-regional Office [e.g. BAN for Bandra (Mumbai-I) EPF office]

0000000: Next 7 digits show EPF employer registration code

010: Successive 3 digits express the extension assigned to the employer

0000000: Final 7 digits mean exact EPF account number of the employee

 

WHEN PF REGISTRATION FOR EMPLOYER REQUIRED?

He owns a business having 20 or more people; registration has to be done within One month from the date of hiring 20th employees. The class of such organizations whom the Central Government may, by notice would specify for compulsory EPF employer registration.

 

EPF Registration Fees

BASIC

5999 (All Inclusive)
  • PF Registration (for employees less than 20)
  • PF Return (ECR) for 1 year

STANDARD

12999 (All Inclusive)
  • PF Registration (for employees less than 20)
  • PF Return (ECR) for 1 year
Popular

PREMIUM

19999 (All Inclusive)
  • PF Registration (for employees less than 50)
  • PF Return (ECR) for 1 year

Advantages of a EPF

QuickBiz is a technology driven platform which offers legal & financial services over its team of professionals. Before applying this services applicant should know the list of advantages of this service in India.

Tax-free earnings

Employee Interest on PF is exempted from tax. Employee can withdrawals or beyond 5 years.

Emergency needs

There are certain surprising occasions like marriage or other family occasions, any mishappening or illness that needs urgent finance. The PF amount can be of great help.

Universal A/c number

One of the most important aspects of the Provident Fund account that it’s steady and transferable. It can be carried forward to any other place of employment.

Long-term planning

There are several long-term goals such as Marriage or higher education that require the urgent availability of funds. The accumulated PF amount often comes handy during such occasions.

List of Documents for EPF

Our mission is to offer excellent support to our client in respect of all the legal compliances on affordable rates. Have a look at the list of documents required to avail this service.

Documents of Shareholders/Directors
  • Self-attested Pan Card of all directors and business entity
  • Cancelled cheque of current account having entity’s pre-printed name
  • Digital Signature any of director
Registered Address Related Documents
  • Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)
  • GST Certificate of your entity

How to Register EPF

EPF Registration Process in 5 steps
  • 1. Complete a checklist
  • 2. Verification of Documents
  • 3. Submission of documents
  • 4. Filing Application
  • 5. PF Registration

FAQs On EPF

Get answers to all your queries

The Employee Provident Fund or PF is a retirement saving scheme provided by the government for all salaried employees in India, on which fixed interest is regularly paid.

PF is directly related to the employee’s pension. Apart from the employee’s contribution of 12% towards EPF, an equal amount is contributed by the employer. Out of this, 8.33% goes towards the Employee Pension Scheme (EPS).

The name of a company should be formulated as mentioned above. The applicants can provide with their preference order of names, maximum of 2 names under RUN form. The applicant should comply with the provisions of the Act or regulations. The registrar may ask to re-submit the application with a different name if names is not unique and does not fulfil any other criteria.

Have Questions? Need Help of an Expert

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