PF Registration

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PF Registration Rs.3499/-

The Employee Provident Fund is a perk given by the employer to their employees over and above their basic remuneration.

What is Employees Provident Fund (EPF)

An Establishment or business is mandatorily required to obtain PF No. if total employee strength is 20 or more. The total strength of employee Includes contractors or temporary employees like housekeeping staff, daily wage worker security or other temporary workers in the business..

Documents Required For EPF Registration

  • PAN Card copy of firm/company/society/trust
  • Certificate of Registration (In case of Proprietorship/ Partnership/ Company/LLP)
  • Certificate of incorporation (In case of company/ society, trust/ NGO)
  • Cancelled Cheque
  • No of Employees
  • Employees Data
  • Cancelled Cheque
  • Specimen Signature
  • DSC
  • Declaration Signed

WHAT ARE THE BENEFITS OF PF REGISTRATION?

  • Risk coverage: The most fundamental benefit of the Provident Fund is to cover the risks employees and their dependents that may arise due to retirement, an illness or their demise.
  • Uniform account: One of the most important aspects of the Provident Fund account that it's steady and transferable. It can be carried forward to any other place of employment.
  • Employee Deposit Linked Insurance Scheme: This scheme is for all the PF account holders. According to it, 0.5% of the salary is deducted from the life insurance premium.
  • Long-term goals: There are many long-term goals such as Marriage or higher education that require the urgent availability of funds. The accumulated PF amount often comes handy during such occasions.
  • Emergency needs: There are certain unanticipated occasions like marriage or other family occasions, any mishappening or illness that require urgent finance. The PF amount can be of great help.
  • Covers pension: Apart from the employee’s 12% contribution towards EPF, an equal amount is contributed by the employer, which includes 8.33% towards Employee Pension Scheme (EPS).