EPF Registration
- Apply for EPF Registration online
- Starting from Rs 2,499/-
- Mandatory compliance if employees are more than 20.
- Retirement/Voluntary benefits for employees.
- Complete online process.
- Processing time is just 1 – 2 days (T&C).
PF registration is the process where an establishment registers with the Employees’ Provident Fund Organisation (EPFO) to participate in the Provident Fund (PF) scheme. This online EPF registration is essential for businesses to enroll employees in this mandatory savings and pension program, ensuring financial security for retirement, emergencies, and unforeseen events.
Filing Pool provides expert assistance to streamline the PF registration process, offering comprehensive support for online PF applications to ensure efficient and hassle-free regulatory compliance.
Why register for PF?
Social Security: PF registration ensures employees receive financial benefits after retirement or in case of unforeseen circumstances.
Legal Compliance: Registration is mandatory for establishments with 20 or more employees, and some smaller businesses can also register voluntarily.
Employee Benefits: Registered employees can participate in the EPF scheme, which provides financial security and benefits.
How to register for PF:
Visit the EPFO Website: Go to the official website of the Employees’ Provident Fund Organization (EPFO).
For Employers: Navigate to the “For Employers” section and then choose “Online Registration of Establishment”.
Register on USSP: You will be redirected to the Unified Shram Suvidha Portal (USSP) where you need to create an account.
Log in and Apply: Log in to the USSP and select “Registration For EPFO-ESIC” and then “Apply for New Registration”.
Fill the Form: Complete the registration form with establishment details.
Attach DSC: Upload the Digital Signature Certificate (DSC) of the employer.
Additional Information:
EPF Scheme: The EPF scheme is regulated by the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952.
Contribution: Both employers and employees contribute to the EPF, with the employer contributing 12% of the employee’s basic salary (or 10% if less than 20 employees).
Voluntary Registration: While registration is mandatory for establishments with 20 or more employees, smaller establishments can also register voluntarily.
Employee Provident Fund Online Registration Process
Get your Online EPF Registration done quickly and easily with our expert assistance. EPF registration is mandatory for establishments having more than 20 employees. This process ensures that both the employee and employer contribute towards the Employees’ Provident Fund (EPF), ensuring financial security for employees post-retirement.
EPF Registration Service
Requirement: where establishment having > 20 employees
WHAT IS EPFO?
EPFO stands for Employees’ Provident Fund Organization which Government is an owned institution working for the future benefits of employees working in Private and Public sector organizations. This is the scheme has been enabled through the Employees’ Provident Fund & Miscellaneous Provisions Act, 1952. Under the provident fund, the employee gets a lump sum amount of his hard-earned savings at the time of retirement along with the benefit of monthly pension payments till his / her death.
PF registration is mandatory in corporations with more than 20 employees. Both the employee and the employer can contribute 12% and 1% for the EDLI Scheme (Employee Deposit Linked Insurance Scheme) to the basic wage of an employee towards EPF. Central Government may make it compulsory for organizations without more than 20 employees to contribute to The EPF through two months’ notice. The employer will contribute 10% if the organization has fewer than this 20 employees Employers’ contributions are only 10%.
PF Registration is Mandatory in Corporations with More Than 20 Employees
As per the EPFO rules, it is compulsory for organizations with more than 20 employees to register for EPF. The employer contributes 12% of the employee’s basic wages to the EPF, and the employee contributes an equal amount. Additionally, the Employee Deposit Linked Insurance (EDLI) scheme mandates a contribution of 1% by the employer, offering insurance coverage to employees. For establishments with fewer than 20 employees, the contribution is reduced to 10%, making it essential for small businesses to ensure proper compliance with EPF regulations.
How Does EPF Save for You?
The Employees’ Provident Fund Organisation (EPFO) is a government body that manages the Employee Provident Fund and the Employees’ Pension Scheme. EPFO is responsible for overseeing the mandatory registration and contributions of employees in both the private and public sectors. The EPF registration process is enabled under the Employees’ Provident Fund & Miscellaneous Provisions Act, 1952. Under this scheme, employees benefit from a lump sum amount accumulated through contributions from both the employee and employer, which is paid out at the time of retirement along with monthly pension payments.
HOW DOES IT SAVE FOR YOU?
The EPF scheme is a long-term savings tool for employees. It not only helps accumulate savings for retirement but also provides additional benefits such as life insurance under the EDLI scheme. Both the employer and employee contribute equally (12% of basic wages), ensuring a secure financial future for the employee. These contributions grow over time, making EPF a reliable source of income post-retirement.
Necessary Documents Required For Registration
To complete your EPF registration seamlessly, ensure you have the following documents ready:
- Copy of Pan of Individual / Firm / Company / Society / Trust
- Copy of Aadhar of Individual / Partners / Directors
- Canceled Cheque under the name of the taxpayer
- Partnership Firm Deed’s copy
- Certificate of Incorporation (in case of Company)
- Address proof of place of business like Rent Agreement along with Electricity Bill and NOC / Property Tax Receipt.
- Copy of GST Registration Certificate, if any.
Time-period
Once the documents are submitted, the EPF registration is typically completed in about 3-4 days, enabling employers to comply quickly and start contributing towards the EPF on behalf of their employees.
Benefits of EPF Beyond Retirement
While EPF is primarily seen as a retirement saving tool, it offers several other significant benefits that employees and employers should be aware of:
- Insurance Coverage:The Employee Deposit Linked Insurance (EDLI) scheme provides life insurance coverage to employees. In the unfortunate event of an employee’s demise, the nominee or legal heir is entitled to receive an insurance amount of up to ₹7 lakhs.
- Partial Withdrawals:EPF allows partial withdrawals for specific purposes, such as medical emergencies, marriage, education, home loans, or construction of a house. These withdrawals can help employees manage unforeseen financial needs without resorting to external borrowing.
- Tax Benefits:Contributions made towards EPF are eligible for tax deductions under Section 80C of the Income Tax Act, 1961. Additionally, the accumulated amount and interest are exempt from tax upon withdrawal after five years of continuous service.
- Universal Account Number (UAN):The introduction of UAN has made EPF portable. Employees can retain their EPF account throughout their career, even when switching jobs, ensuring seamless continuity of savings.
- Pension Scheme Benefits:In addition to the provident fund, employees are also entitled to benefits under the Employees’ Pension Scheme (EPS), which ensures a steady pension post-retirement or for their family in case of the member’s demise.
Filing Pool: Simplifying Compliance for Your Business Filing Pool goes beyond just EPF registration. We ensure compliance with all statutory requirements, provide guidance on employee benefits, and assist in filing returns and resolving EPF-related queries. By partnering with us, you can streamline your EPF processes, avoid penalties, and contribute to a secure financial future for your employees.
Make EPF registration easy and hassle-free with Filing Pool – your trusted compliance partner!
FAQ's
PF registration is the process through which an employer registers with the Employees’ Provident Fund Organisation (EPFO) to participate in the Provident Fund scheme. It ensures that employees save regularly for retirement and emergencies
Employers with 20 or more employees must register for PF. However, smaller establishments can also register voluntarily to provide benefits to their employees.
An EPF code is a unique number issued by the EPFO after your PF registration is approved. It’s essential for managing your EPF accounts
The approval process for PF registration usually takes a few weeks, depending on the accuracy of the documents submitted and the EPFO’s verification process.
Yes, businesses with fewer than 20 employees can register voluntarily for PF to offer enhanced benefits to their staff.
PF registration helps employers comply with legal requirements, manage employee benefits effectively, and enhance job satisfaction by providing financial security to employees.