BBNC

EPF Registration


Employees’ Provident Fund (EPF)is a social security scheme that helps employees save a small portion of their salary for future benefits. Every company has to take a EPF registration if the number of employees is more than 20 in the organization.
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Overview

Every company who has more than 20 employees has to offer an EPF or Employee Provident Fund to their employees which is similar to retirement fund. If an employer fails to get EPF employer registration, or indulges in false representation of facts to avoid PF payment, he shall be liable for a penalty of INR 5,000/-.

EPF is a scheme under Employee Provident Fund and Miscellaneous Provisions Act 1952. Some employers having less than 20 employees may also apply for PF registration voluntarily.

PF contribution for per employee should be 24% of his salary, of which 12% needs to contributed from employee’s salary and another 12% should be from the employer side. If the entity has less than 20 employees and still opted for PF registration voluntarily then the employer contribution should be 12% of the basic salary of the employee.



Benefits of Employee Provident Fund Registration

Risk Coverage

The basic fundamental benefit of PF is to cover the risks of employees and his/her family’s which may arise due to an illness or retirement.

Uniform Account

This is one of the most important aspect of Provident Fund Account, this account is steady and can be transferable. Which means if an employee changes job from one organization to other, the PF account remains same.

Employee Deposit Linked Insurance Scheme

Any person who has PF account, is by default eligible for this life insurance scheme that requires only 0.5 % of the salary deduction as premium.

Extended Goals

The PF account can be extremely helpful for long-term goals like buying a property or setting up a fund for children.

Checklist/Requirements

  1. PAN of the entity
  2. MOA and AOA of the company
  3. Declaration from directors/Partners
  4. GST reg certificate
  5. Date when the number of employees exceeded 20
  6. Details of employees like joining date and Aadhar etc.
  7. Certificate of Incorporation
  8. Cancelled check of the entities bank account
  9. Address proof of the entity
  10. Digital Signature Certificate of authorized signatory
  11. In case of voluntary registration, consent of the majority of employees

Process of Employee Provident Fund Registration

Step 1: Share the required documents & information

Step 2: Registration of the organization with the EPFO

Step 3: Registration under USSP

Step 4: Filling registration form

Step 4: DSC attachment with the form

Step 4: Getting the Employee Provident Fund registration

Key Deliverables

  1. Employee provident fund certificate

  2. Challan

  3. EPF portal login credentials

EPF Registration

Why Choose Us

Entrepreneur Friendly

We make the process so easy and fast that you will not even feel the headache of all the paperwork, and our professionals will provide you all the promised deliverable within a given span of time.

Experienced Professionals

All our professionals are qualified and specialized in that particular work. Making sure no mistakes are done at the time of filings with the authorities so that company won’t have to pay any penalties due to mistakes.

One Stop for All Your Requirements

We support you throughout the journey of your business, from the incorporation, Accounting and taxation support, Secretarial compliance support, and Legal support.

Cost-Effective

We believe that cost plays a vital role in any company’s growth stage, that’s why we do not surprise our clients with hidden charges, you pay what you see in the initial proposal.


Frequently Asked Questions


Universal Account Number (UAN) refers to the unique 12-digit number allotted to the employee. UAN Number records employee pf deposited amount and other relevant information which shall continue throughout the employment period and after retirement also. The same can be obtained only through employer EPF registration code.
The Employer can generate the employee’s UAN. In the event of change of employment, the previous PF UAN number registration shall be linked to the next employer. Employee needs not to get a fresh EPF UAN registration.
PF returns needs to be filed by the employer. Each & Every establishment having employer EPF registration needs to file regular monthly returns on 25th of every month and one annual return before the 25th of April every year.
If the employer forgets the user ID or password, then the employer must click on the “Forgot Password” link in the login screen. The password can be reset using the establishment id, primary email id, and mobile number.
Yes, the registration procedure has to be completed for every establishment which has more than 20 employees.