What is

PF Registration?

PF Registration is mandatory for all the establishments that has engaged 20 or more than 20 employees. Employees drawing less than Rs.15000 per month need to mandatorily become members of the EPF. According to the guidelines, employees whose basic pay is more than Rs. 15000 a month at the time of joining can voluntarily become member of Provident Fund.

EPFO assigns a 12-digit Universal Account Number (UAN) to each employee, which remains constant throughout their employment journey, similar to the Permanent Account Number (PAN). When an employee switches jobs, EPFO issues a new member identification number (Member ID) that is linked to the existing UAN. It is crucial for employees with an existing UAN to provide it to their new employer upon joining, enabling the employer to associate a new Member ID with the pre-existing UAN.

List of Documents Required for

PF Registration

Below are the documents required for the process of PF Registration:

  • PAN Card of Employer
  • Certificate of Incorporation/Partnership Deed
  • Rent Agreement/Electricity Bill/ Municipal Tax Receipt
  • Digital Signature Certificate
  • PAN and Aadhaar of Signatory
  • Board Resolution (in case of company)
  • Memorandum and Article of Association (MOA/AOA)
  • Cancelled Cheque/Bank Statement

WHY COMPLIANTO

ACCESSIBILITY

We provide convenient communication channels for clients to reach out and get support when needed.

Transparent Pricing

We offer transparent and affordable pricing, without any hidden fees or charges, making it easier for clients to budget and plan.

Confidentiality

Our services will be executed through confidentiality agreements . Your company’s information and trademarks will be kept secret with us

Expertise

We have a team of qualified and experienced professionals who can provide high-quality financial and business advisory services to clients.

Personalized Services

Our Service solutions can be tailored to the unique needs of each client, rather than a one-size-fits-all approach.

Prompt Response

We provide regular updates and proactive communication to clients, keeping them informed and involved in the decision-making process.

OUR PLANS FOR

PF Registration

  • Basic
  • 2599
    per (Including Government Fee)
  • PF Registration
  • ESI Registration
  • Premium
  • 5499
    per (Including Government Fee)
  • ESI Registration
  • PF Registration
  • Guidance on ESI and PF provisions
  • "Return and Payment for 6 month
  • (upto 15 employees)"

Have A Question?

FREQUENTLY ASKED QUESTIONS (FAQs)

The Employees’ Provident Fund (EPF) scheme is a retirement benefit scheme in India that was introduced in 1952. The scheme is administered by the Employees’ Provident Fund Organisation (EPFO).

The employer has to contribute 12% of the (Basic Salary + Dearness Allowance + Retaining Allowance). An equal amount of contribution is to be made by the employee. If the establishment has engaged less than 20 employees the EPFO rules state that the contribution rate for both the employees and the employer is limited to 10 %.

Further employer has to bear additional cost of 1.1% towards EPF administration Charges, 0.5% of the contribution towards the employee’s deposit linked insurance and 0.01% contribution towards the EDLI administration charges.

Therefore total EPF cost the employer would be 13.61%.

Both ESI and PF dues are to be paid on or before 15th of every month.

S. No.

Provisions

Compliance

1Payment of EPF dues15th of the following month
2Details of EmployeesDetails of employees enrolled as member PF fund, within 1 month of coverage in the prescribed form
3Nomination formImmediately on joining the fund in the prescribed form
4Addition of membersDetail of newly enrolled members within 15 days of the following month in the prescribed month
5Deletion of membersDetail of members left service during the month before 21st of the following month in the prescribed form
6Details of contributionDetails of contribution by 15th of the following month in the prescribed form
7Details of wages and ContributionFor each member detail should be given by 30th April every year
8Return of ownership of the establishmentWithing 15 days of coverage and whenever there is a change in coverage
9Transfer of PFForm 13 needs to be filed

The benefits of PF include:

  • Retirement income: PF contributions are deposited in a savings account called the Employees’ Provident Fund Account. The interest rate on the EPF account is declared by the EPFO every year. The interest rate for the financial year 2022-23 is 8.15%.
  • Death benefits: In case of the death of an EPF member, the nominee is entitled to receive a lump sum amount and a monthly pension.
  • Disability benefits: In case of an EPF member becoming disabled, they are entitled to receive a lump sum amount and a monthly pension.
  • Medical benefits: EPF members are eligible for medical benefits, including free hospitalization and cashless treatment.
  • Loan facility: EPF members are eligible to avail a loan from their PF account. The loan amount is limited to 90% of the balance in the account.

Non-compliance with PF registration can result in penalties, fines, legal consequences, and potential prosecution. It is essential for employers to fulfill their statutory obligations.

Yes, an employee can withdraw their EPF balance before retirement for various reasons, such as resignation, unemployment, illness, or housing needs. However, there are certain conditions and restrictions on the withdrawal process.

The Universal Account Number (UAN) is a unique identification number assigned to every EPF member. It remains the same throughout the member’s career and helps in tracking and managing the EPF account.

Yes, EPF accounts can be easily transferred when an employee changes jobs. The UAN facilitates the seamless transfer of EPF funds from the previous employer to the new employer.

Employees can check their EPF balance online through the EPFO’s official portal (https://passbook.epfindia.gov.in/MemberPassBook/Login) , by using the UAN and registered mobile number.

On appointment of new employee in your company, you will have to get UAN generated from EPFO portal for him.
For generation of UAN follow below step-by-step guide:
• Visit the EPFO website and log in using your establishment ID & password.
• On the ‘Member’ menu tab and click on ‘Register – Individual’.
• On clicking ‘Register – Individual’, the member registration form will be displayed. By default, previous employment option would be ‘No’ that is valid for all first time employment cases.
• Fill employees details in the form. All the mandatory fields are marked with a red asterisk.
• After that, enter KYC details like PAN, aadhaar number, bank details, etc.
• After filling all the fields, click on ‘Save’.
• Once you click on save, a dialog box appears asking – ‘Are you sure you want to save the member detail?’. Click on ‘Ok’.
• If you want to edit any details, click on the ‘Edit’ column against the employee name.
• Then, a new UAN is generated by the EPFO

Following employee details are necessary for UAN generation.
1. Bank account details like account number, IFSC code, and branch name
2. PAN
3. Aadhaar number
4. Other ID proof like driving license, passport, aadhaar, voter ID, etc.
5. Address proof like a recent utility bill, rental/lease agreement, ration card, etc.
Please note that it is important for your employees to have UAN linked to aadhaar.

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