PF registration in India
PF Registration is mandatory if employees are 20 or more. Get your entity with PF registration now and avoid non-compliances.
PF Registration is mandatory if employees are 20 or more. Get your entity with PF registration now and avoid non-compliances.
Provident fund refers to the scheme which is initiated in order to encourage savings among employees. Provident fund is schemed under employees provident fund and miscellaneous provisions act, 1952. According to this scheme, employees reserve a small part of their earning for their future use. Including the benefits after the retirement of the employee from the organization. These scheme includes benefits to employees after their retirement from the organization. It is compulsory requirement for every company to provide its employees with Employees Provident Fund (EPF), which shall be given upon their retirement. Every organization which is having the total workforce of 20 employees or more is required to mandatorily register itself under the PF scheme.
Digital signature of applicant (employee or employer).
Specimen signature of all directors (in case of company) & authorized signatories of the organization.
In case of voluntary registration consent of all or majority of the employees.
Employer is required to contribute an amount to employees EPF account.
This fund helps to covers the financial emergencies and risk in the situations of illness, demise, retirement of employee, etc.
In case of change in employment also, the same PF account can be carried by employee. This same account can be transferred by the employee to the new employer. Therefore the rate of return is uniform over years.
Member can easily check their details of balance available at the organization of the employees provident fund.
Collection of all the required documents and relevant information of the employees.
Creation of the employer profile at the EPFO Portal after filling up required details of the organization. After profile activation the DSC of the authorized person is registered on the PF Portal.
The application for PF Registration will be filled with correct data and proper disclosure along with all the required documents.
After successful submission of application PF number is allotted and registration certificate is generated.
Yes, It is mandatory for every company with the total manpower of 20 employees or m to provide its employees with the benefit of Employees Provident Fund(EPF) scheme, provided after their retirement. This fund is governed under the employees provident fund and miscellaneous provisions act, 1952. Every eligible company shall compulsorily enrolled itself under the scheme.
If PF registration is not done. The PF beneficiary cannot access the Employer Portal and view his/her PF status. For this purpose he is required to go through the PF registration process.
UAN means Universal Account Number. It act as an umbrella to an individual by different establishments for all the multiple Member Ids allotted. UAN to link all the multiple Member Identification Numbers (Member Id) which allotted to a single member under single UAN. This helps the member in viewing all the details of all the Member Id linked to it.
In case the member newly joined has already allotted UAN then it is provide to the employer enabling to in-turn mark the new allotted Member Id to the already allotted UAN.
Following steps are involved in the procedure of EPF registration-
PF registration is compulsory for all establishments with 20 or more employees.
Establishments having less than 20 employees are required to obtain PF registration.
All employee shall become eligible for a PF from the starting of employment and the obligation of deduction and payment of PF is on the employer.
The due date of making PF payment of employee portion and employer portion to the EPFO is within 15 days of the end of every month. The employer must deduct the employee’s contribution from his wages before paying the employees salary.
