Employees Provident Fund is a means to help employees get a financial cushion when they grow old. Contribution to the fund is also a tax saving option for people working in government department, public or private sector. During the working life both employer and the employee contribute to the fund on monthly basis which can be used later on retirement. It is mandatory for all entities to get registered with Provident Fund Department within a month as the employees count reaches 20. Any delay may result in a penalty.
✔ Drafting documents
✔ Filing of forms with Authorities
✔ Issue of PF allotment letter
✔ Documented Follow-up
✔ Business hours Expert Support
Documents To Be Submitted
Rent agreement of your registered office
No objection certificate from the owner of the property of the property
Business Constitution certificate
Supporting documents (if any)
Certificate of incorporation and address proof in case of company
Who must register with Employees Provident Fund Department?
Any entity, be it a government office, public sector or private sector entity which has 20 or more employees needs to get registered with the PF Department. The application must be filed within one month of reaching the employee count of 20. Where the employer wishes to provide the provident fund benefit to his/her employees, he may voluntarily apply for registration.
Do I need to be present in person during the EPF registration process?
You don’t need to be present in person during any stage. The entire procedure will be carried out by our experts. You just need to upload the required documents on the TaxHills Encrypted Document vault and you will receive the registration on service fulfillment.
How much time does the Employee Provident Fund Registration process takes?
Usually the entire process takes a week’s time. Depending on the work load with government department the process might take longer time. Make sure that you keep the required documents ready so that we can complete the entire process in least time.
While calculating the limit of 20 employees will every employee and labour force be counted?
The limit of 20 includes all permanent, semi permanent and other contract employees like housekeeping, security or other contractual workers in the business.
What is the contribution rate to the Provident fund & pension scheme?
- Registered employers need to deposit 12% of the basic salary of each eligible employee in provident fund account
- Eligible employee needs to contribute in total 12% of his basic salary being 3.67% to provident fund and 8.33% in Pension scheme.