Employees Provident Fund Registration

A Establishment registration with employers provident fund organisation (EPFO) is mandatory if the number of employees exceeds 20 and may be obtained voluntarily if the employee’s number is less than twenty. Our dedicated team will help you to your company with EPFO.

Documents Required For Provident Fund Registration

In below all the documents is required

Pan card of Establishment

Certificate of Incorporation

Canceled cheque of Establishment

Address Proof of establishment (Rent agreement, Water/ Electricity / Telephone Bill in the name of establishment)

Specimen signature of Directors and Authorised Signatories

Consent of Majority of Employees in case of voluntary registration

Digital Signature of Authorized Applicant (Class-3)

Meaning Of Employee

Full-time employees

Studies show that staffers who work from home are more productive than those who work in a typical office environment.

Part-Time Employees

A part-time job is a form of employment that carries fewer hours per week than a full-time job.

Employees Working at Home

A full-time job is employment in which a person works a minimum number of hours defined as such by their employer.

Contract Employees

A contract employee is an individual retained by a company for a predetermined time, for a predetermined price.

Full-time Consultants

A contract employee is an individual retained by a company for a predetermined time, for a predetermined price.

Contribution towards EPF

Contribution to EPF is to be done by both Employer and Employee.

Employer deducts his employees’ share of EPF from his salary.

Employer needs to deposit the amount of his contribution of EPF along with employees deducted share.

The Employer’s contribution to EPF would be 12% and that of employee’s would be 12%.

Why is it necessary to contribute in EPF?

The PF contribution by an employer will be tax-free.

The amount including the amount interest will be exempt from tax on withdrawal after a specific period.

Organizations can also enroll themselves voluntarily under PF laws.

Note: Any delay in registration of EPF (Employee Provident Fund) may result in a penalty.