All the establishments who employ 20 or more people are mandatorily required to get themselves registered with the PF Department.
The registration may also be obtained voluntarily by any establishment who doesn’t meet the aforementioned criteria but is willing to provide the advantages of Provident Fund to its employees.
It helps the employees to secure a percentage of their earnings as savings for the future to be used when in hard times.
It provides various other benefits to the employees such as Insurance Benefits, Death Benefits, Pension Benefits, and Death Benefits.
12% of the Basic Salary plus Dearness Allowance plus Retaining Allowance needs to be contributed each by the Employee and Employer. Out of employees’ contribution, 3.67% is contributed to Provident Fund and 8.33% is contributed to the Pension Scheme.
Provident Fund (PF) payments are due on the 15th of each month.
The Ministry of Labour & Employment has developed a unified Web Portal 'Shram Suvidha' portal for registration under Employees' State Insurance Act (ESI) ACT-1948. User is required to register himself on the same.
After Employer Registration, DSC Registration is required for submitting a fresh application for EPF Registration.
The application needs to be filled where all the basic details are required to be entered such as Name of Entity and PAN etc.
After filling the application, final submission is made on the portal. Thereafter, registration certificate is issued by the department.
All the establishments who employ 20 or more people are mandatorily required to get themselves registered with the PF Department. 20 employees here include contract employees like housekeeping, security or other contractual workers in the business. The registration may also be obtained voluntarily by any establishment who doesn’t meet the aforementioned criteria but is willing to provide the advantages of Provident Fund to its employees.
PAN Card & Aadhaar Card
PAN Card of the Firm/Company/Society
Cancelled Cheque bearing the name of company and account number
Address Proof of the Premises
Business Registration Documents (Company – Certificate of incorporation; Proprietorship – Certificate of Registration; Partnership Firm – Partnership Deed)
List of employees working in the entity with their name, date of joining, salary etc.
Everything you need to know about the product and billing.