Employees' Provident Fund (EPF) is a social security system that allows employees to set aside a percentage of their pay for future advantages. So, all companies must take EPF Registration Online.
Overview of EPF Registration Online
Every company like Private Limited, Section 8, OPC, and other organizations as prescribed according to the mandatory registration requirements, is required to give an EPF, or Employees Provident Fund, to its employees, which is similar to a retirement fund. The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 governs the EPF and its related aspects. Organizations with a total staff size of more than 20 or 10 as prescribed by the government must register for the EPF. The Central Government makes it mandatory for organizations with less than 20 employees to provide towards EPF by giving them two months’ notice. Organizations with less than 20 employees can also contribute in pf registration online voluntarily. The employee and the employer each provide 12% (subject to changes from time to time) of the employee’s basic salary towards EPF. In case the organization has fewer employees, the employer’s contribution is 10% (subject to changes from time to time). For more details and consultations about pf registration online, you can get connected with LegalPillers. Moreover, if you want to register your company you can take the assistance of Online Company Registration services.
Eligibility for PF Registration online
An organization must meet the following conditions to be eligible for PF Registration:
- A factory having a total staff of 20 or more employees.
- A business that employs more than 20 people. The central government defines the class of such businesses. An establishment with fewer than 20 employees has been notified of mandatory registration for at least two months.
- Companies with fewer than 20 employees (Note: Companies with fewer than 20 employees must notify the Employees' Provident Fund Organization within two months or less).
- An establishment's boss and employees must agree to submit a PF application to the Central PF Commissioner. From the date of the agreement, a notice must be sent to the Official Gazette.
From the commencement of his job, every employee is eligible for PF. The employer is responsible for PF contributions and deductions.
Procedure to EPF Registration Online for Employers
- Gather information and papers about relevant employees and employers.
- Complete the application with all of the employer's information.
- Fill up and submit the form that has been verified.
- Obtain a code of PF registration along with the PF user name and password.
Our professionals will serve as your guides and advisors for PF registration online, assisting you in obtaining a PF number in 5 to 10 business days (not factoring in processing time). You will get the list of our PF processes during the initial session, which is completely free. When we work on your behalf, we make sure that the PF application is sent in the correct format to the organization. We guarantee simple working conditions at the most affordable prices.
EPFO members will be able to track their UAN status through online tools. All you have to do is enter your EPF number and choose your state. The UAN status will be automatically assigned to you. If they want to use the Employee Provident Fund's direct/online services, they must first activate their UAN. In addition, if you want to provide EFP service to your employ you have to get Online Company Registration first. If you are not a registered company then it can be a problem for your business to run.
Documents Required for EPF Registration Online
In order to register EPF correctly, employers must provide specific documents as proof. The documents listed below are necessary for PF registration online.
- Adhaar Card, PAN card of employers and employees
- Atleast three Email id and contact numbers
- List of employees along with their signatures in the specified format.
- If the company is a registered partnership firm, a copy of the partnership deed.
- A copy of a Public or Private Limited Company's Certificate of Incorporation. The Registrar of Companies should issue this.
- A copy of the society's registration certificate should be provided.
- A copy of the Memorandum and Articles of Association is required for both public and private limited companies.
- Societies should provide a copy of their rules and objectives.
- Company's PAN number
- Employees' remuneration information.
- For the month, the number of employees who worked for the company.
- Bank information such as the bank's name, branch, IFSC code, and address.
Conclusion
The interest rate is presently 8.55 % (subject to change by the authority), and the interest collected is tax-free. The scheme is safe and secure because the Indian government introduced it. If an employee changes jobs, they can transfer their EPF funds from one account to another. When done online, the registration process is also simple and can save time. To make it easier and simpler for you we have LegalPillers, who can assist in you providing the best online ca services in India. Starting from online company registration in Delhi to EPF registration online. Everything is available on our online portal. Grab the services now and available the best discounts.
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