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PF Registration

PF/ EPF Registration In India - An Overview

The Employees Provident Fund (EPF) is a savings plan governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It’s managed by the Employees’ Provident Fund Organization (EPFO). Employers must enroll their employees in EPF if they have at least 20 employees, with some conditions and exceptions even if they have fewer employees. Under the EPF scheme, employees and employers both contribute a certain amount. When an employee retires or resigns, they receive a total amount that includes both their and the employer’s contributions with interest.

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Online PF Registration:

The Employees Provident Fund (EPF) is a savings plan for employees to set aside a part of their salary for future needs. It’s like a retirement fund provided by every company to its employees. EPF is governed by the law called the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. Companies with more than 20 employees must register for EPF, and they can do it online.

Eligibility for EPF Registration for Indian Employers:

To register for PF, a company needs to meet these criteria:

  1. Have a factory or establishment with 20 or more employees.
  2. If the government defines a particular class of firms, they must comply.
  3. Even if a company has fewer than 20 workers, if it’s been notified for compulsory registration for at least 2 months, it must register.
  4. Companies with fewer than 20 employees must notify the Employees’ Provident Fund Organization within 2 months.
  5. Both the employer and employees must agree to apply for PF, and this agreement must be published in the Official Gazette.
  6. Every employee is eligible for PF from the start of their employment, and the employer is responsible for PF contributions and deductions.

Documents Required for PF Registration:

If a business wants to apply for PF, it must provide these essential documents:

  1. PAN card of the establishment
  2. Certificate of Incorporation
  3. A cancelled cheque of the establishment
  4. Address proof in the name of the establishment. This can be a Rent Agreement, Water Bill, Electricity Bill, or Telephone Bill.
  5. Digital signature of the authorized applicant
  6. If applying voluntarily, consent from most employees may be needed.

Additional documents might be required for some businesses:

– First Sale Bill

– First purchase bill of raw material and machinery

– GST Registration Certificate

– Bank details

– Monthly employee strength record

– Register of salary and wages

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