Introduction of Provident Fund Registration
Employees Provident Fund (EPF) is a scheme controlled by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. Provident fund is a social security system that was introduced for the purpose of encouraging savings among employees, so as to benefit them during the course of their retirement. Every company has to offer its employees an EPF or Employees Provident Fund which is akin to a retirement fund. 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.Registration has to be done within One month from the date of hiring 20 employees. Any delay may result in a penalty.Employee’s Pension Scheme
The PF contribution paid by the employer is 12% of basic salary .Out of employers’ contribution, 8.33% will be routed to Employees’ Pension Scheme and 3.67% of contribution towards Employees’ Provident Fund.Documents Required for PF Registration
Based on the type of entity seeking PF registration, the list of documents required for PF registration would vary as under:1.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 number2. 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.3. 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/trust4. 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.How To Register Provident Fund
With basic identity documents, you can register your Provident Fund. We help you register a Provident Fund in 4 simple steps. Step 1:-Fill the form and attach the scan copy of your documents. Step2:- Our team will verify all the information and documents provided by you. Step3:- Then we will start the registration process after verifying the authenticity of the documents. Step 4:- Once your Provident Fund is registered, we will intimate you .Basic
₹ 4999/-
₹ 4999/-