Details

Provident Fund (PF) registration is mandatory for businesses with 20 or more employees under the Employees' Provident Fund and Miscellaneous Provisions Act, 1952. The Employee Provident Fund (EPF) is a social security scheme that helps employees save for retirement while also offering insurance and pension benefits. eFiling Guru provides hassle-free PF registration services to ensure your business complies with statutory requirements.

Eligibility for PF Registration

PF registration is mandatory for:

1. Businesses with 20 or more employees.

2. Certain notified industries with fewer than 20 employees (as specified by the government).

3. Any organization wishing to voluntarily opt for EPF coverage.

Employees earning a basic salary of up to ₹15,000 per month are mandatorily covered under EPF, while employees earning above this threshold can also opt for coverage with employer consent.

Benefits of PF Registration

• Social Security for Employees: Provides financial security and retirement savings.

• Insurance and Pension Benefits: Includes Employee Deposit Linked Insurance (EDLI) and pension schemes.

• Tax Benefits: Employer contributions to EPF are tax-deductible.

• Employee Motivation and Retention: Offers financial security to employees, leading to higher job satisfaction.

• Compliance with Labor Laws: Avoids legal issues and penalties related to non-compliance.

Our PF Registration Process

eFiling Guru ensures a smooth and accurate PF registration process:

1. Document Collection: Gather necessary documents, including PAN, Aadhaar, business registration certificate, address proof, employee details, and digital signature.

2. Application Filing: Complete the PF registration form on the EPFO portal with accurate details and upload the required documents.

3. Registration Certificate Issuance: Obtain the PF registration number and Universal Account Numbers (UAN) for employees.

4. Post-Registration Assistance: Provide guidance on maintaining records and filing monthly PF returns.

Post-Registration Compliance

After PF registration, businesses must comply with the following requirements:

• Monthly PF Contributions: Deposit employer and employee contributions (12% each) before the due date.

• Filing of Monthly and Annual Returns: Submit Form 12A, Form 5, Form 10, and Form 3A to the EPFO regularly.

• Maintain Employee Records: Keep records of employee wages, contributions, and UAN details.

• Annual PF Statement: Issue PF account statements to employees annually.

eFiling Guru offers complete assistance with PF registration and ongoing compliance to ensure that your business remains fully compliant and avoids penalties.