We are as a renowned service provider, engaged in providing reliable and cost effective EPF Registration services. It is a scheme under the employees provident fund that is mandatory for all establishment in which more than 20 employees are working. It is benefit to the employes provided by the organization at the time of retirement. In order to render this EPF Registration job, we have hired proficient and diligent workmen who have extensive knowledge of this domain.
EASILY OBTAIN PF REGISTRATION
All establishments with 20 or more than 20 employees can apply for PF registration. Obtaining PF registration process can be made easier by a professional firm, like ours.
PF REGISTRATION - FOR EMPLOYERS
Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 control the Employees Provident Fund (EPF) scheme, regulated under the umbrella of Employees’ Provident Fund Organisation (EPFO). Not only establishments employing 20 or more persons can apply for PF registration, but voluntarily by establishments having less than 20 employees.
Employer has to make 6% PF contribution of a total sum of basic salary, dearness allowance and retaining allowance. Employee has to pay an equal contribution. As per the EPFO rules, 10% is the contribution rate for the employer and employee in case of establishments which engage less than 20 employees or meet certain other conditions. The contribution by the employees working in the private sector is calculated on the basic salary. The members of the EPF must have drawing less than Rs 15,000 per month.
As per the EPF guidelines, employees with ‘basic pay’ of more than Rs. 15,000 per month at the time of joining a new company is not required to make PF contributions. However, employees with ‘basic pay’ of more than Rs. 15,000 can become a member and make PF contributions, with the consent of the Employer.
IMPORTANT ASPECTS RELATING TO PF REGISTRATION
Provident Fund (PF) Return: All entities having PF registration must file PF return every month, due on the 25th. For the year ended on 31st March, a final Provident Fund return is due on the 25th April.
PF Payment: PF payment is due on the 15th of every month. The employer has to pay a total of 12% or 10% of the employee wages towards PF on 15th or before 15th every month. 12% is the PF rate for most entities.
UAN: A Unified Portal is launched by the Employee Provident Fund for streamlining and simplifying all aspects of PF for both, employees and employers. Employees allotted with UAN can use the Unified Portal for several services.
Unified Portal: The reason behind the Unified Portal is to make available all services relating to PF online, for instance PF registration, PF return filing and payment of PF contribution.
PF Withdrawal: Employees can apply on the Unified Portal for withdrawing the PF contribution money in their PF account for several reasons, like marriage, medical reason, house purchase, etc.