Provident Fund Registration
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About Provident Fund Registration
Employees Provident Fund is a scheme for the Indian Employees that is controlled by the Provident Funds and Miscellaneous Provisions Act, 1952. The Employee Provident Fund is regulated under the umbrella of Employees Provident Fund Organization popularly known as EPFO.
All establishments that have employed 20 or more than 20 employees can apply for PF registration in India. In some cases subject to the circumstances and the exemption establishments employing less than 20 are still eligible for PF registration. The Employee gets an amount that includes the self and employer’s contribution with interest on retirement or resignation.
Who is eligible to get EPF registration?
For Employer
PF Registration is mandatory for all the establishments
- That has engaged 20 or more than 20 people.
- For any other establishment that has less than 20 people then the central government has to specify the same in the notification on the behalf.
For Employee
Employees drawing less than Rs.15000 per month need to mandatorily become members of the EPF. According to the guidelines, employees whose basic pay is more than Rs. 15000 a month at the time of joining are not required to make any PF contributions.
But an employee who is drawing pay of more than Rs.15,000 can still be a member and make contributions with the employer and the Assistant PF commissioner.
Documents Required for Registration
- PAN of the Partner, Proprietor, or the Director
- Address proof (can be any utility bill but should not be older than 2 months)
- Aadhar card of Proprietor, Partner, or Director.
- Canceled Cheque Or Bank Statement
- Digital Signature of the Proprietor/ Partner or Director.
- Hired/ Rented or Leased Agreement If there is any.
Customer Reviews For PF Registration
PF Registration FAQ's
PF registration has to be done with EPFO. The PF registration can be done online on the website.
For a salaried employee if the Basic and Dearness allowance is less than Rs.15,000 per month then it is mandatory to get the EPF registration by the employer.
Employees that draw less than Rs.15,000 per month need to get EPF registration mandatorily, and the employee drawing the Pay above the prescribed limit needs to get permission from the assistant PF commissioner to become a member.
PF registration is mandatory for all establishments with 20 or more persons, if the establishment has fewer than20 employees still a PF registration would be required. The employee can become eligible for PF right from the commencement of the employment and onus of deduction and PF payment is with the employer.
The PAN issued in the name of the business entity is to be used for PF registration.
It requires 20-25 days to obtain PF registration in India.
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