Provident Fund (PF) Registration

Applicable to all business employing 20 and more employees. Voluntary registration is available for lower strengths.

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    Provident Fund Registration

    The registration of an establishment under the provident fund organisation becomes mandatory, the moment total number of employees in the organisation reaches twenty in number. To count the statutory limit of 2o even contract employees are counted apart from the employees employed through a subsidiary company. You should be very careful in determining the eligibility of your organisation for PF Enrollment. The application for the EPFO Coverage should be made within 30 days of reaching the threshold limit of the twenty.

    The application for PF Registration is made online with the Digital Signature of one director or the Authorised Signatory of the company. We assist you to ascertain the coverage and applicability of the PF and file application for registration on your behalf to the PF Office, draft all documents and do a followup with the department for issuance of the registration number of the establishment.

    Online PF Registration - An Overview

    Employees’ Provident Fund is a social security scheme that helps employees save a small portion of their salary for future benefits.

    Every company has to offer its employees an EPF or Employees Provident Fund which is akin to a retirement fund. EPF comes under the purview of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. EPF registration is mandatory for organizations with total employee strength more than 20. Such employers can opt for online PF registration from Vyapar Formations. Companies can register for employee provident fund, in 3 easy steps:

    1. Free consultation and form filling
    2. Connect with a dedicated affiliate for data validation
    3. Receipt of PF number

    All you need to know

    Provident Fund (PF) is one of the main platform of savings in India for nearly all people working in Government, Private or Public sector organizations. It is implemented by the Employees Provident Fund Organization (EPFO) of India. Registration has to be done within One month from the date of hiring 20th employees. PF is the best way to provide social security to the employees.
    Provident Fund PF is largely an employee benefit scheme prescribed by the Government which provides facilities to the employees of an organization about medical assistance, retirement, education of children, insurance support and housing. It is created with the purpose to provide financial security and stability to employees.

    Important Point of Provident Fund (PF) Registration

    Compulsory Registration

    The establishment employing 20 or more employees is required to obtain registration with the PF department within 30 days of reaching that number. This number is irrespective of salary

    Voluntary Registration

    The employer with the consent of its employee can also seek optional coverage for its establishment so that their employees avail the benefit of the provident fund.

    Meaning of employee for PF

    Full-time employees
    Part-Time Employees Employees
    Working at Home
    Contract Employees / Full-time Consultants

    ESIC with PF registration

    As the PF registration is required only when the number of employees reaches 20, hence ESIC registration is also necessary as is required to be obtained when the number of employee reaches 10
    Documentation

    Documents Required For PF Registration

    Certificate of Incorporation

    PAN Card

    Cancelled Cheque

    Address proof of establishment

    Specimen Signature

    Digital Signature

    PAN, ID and Address Proof

    Employee Declaration

    What Details do I need to Give for Pf Registration?

    Employers need to furnish the following details to get PF registration.

    1. Name & address of your company
    2. Head office & branch details
    3. Date of company incorporation
    4. Total employee strength
    5. Type of business activity
    6. Nature of business
    7. Director/partners’ details
    8. Employee’s Basic details
    9. Employees’ salary details
    10. Bank account details of the company
    11. PAN card
    Advantage

    Advantages of PF Registration

    Risk coverage

    The most fundamental benefit of the Provident Fund is to cover the risks employees and their dependents that may arise due to retirement, an illness or their demise.

    Uniform Account

    One of the most important aspects of the Provident Fund account that it's steady and transferable. It can be carried forward to any other place of employment.

    Employee Deposit Linked Insurance Scheme

    This scheme is for all the PF account holders. According to it, 0.5% of the salary is deducted from the life insurance premium.

    Long-term Goals

    There are many long-term goals such as Marriage or higher education that require the urgent availability of funds. The accumulated PF amount often comes handy during such occasions.

    Security

    When it comes to signatures, authenticity and security is a priority. Digital signatures reduce the risk of duplication or alteration of the document itself. Digital signatures ensure that signatures are verified, authentic and legitimate.

    Emergency Needs

    There are certain unanticipated occasions like marriage or other family occasions, any mishappening or illness that requires urgent finance. The PF amount can be of great help.

    Covers Pension

    Apart from the employee’s 12% contribution towards EPF, an equal amount is contributed by the employer, which includes 8.33% towards Employee Pension Scheme (EPS).

    How We Work?

    1. Fill the form and make the payment
    2. GET the call form PF expert
    3. Upload the required documents
    4. Experts will take the approval for registration
    5. Experts will register the employees in the PF portal

    PF registration for Employer is compulsory if

    • He owns a factory having 20 or more people, or
    • Any other organization / foundation with 20 or more employees or
    • The class of such organizations whom the Central Government may, by notice would specify for compulsory EPF employer registration.

    PF Registration Process

    Vyapar Formations will help you to register PF Registration from the comfort of your home, offering you services that are very technical and as per individual needs.

    Get a free consultation for PF Registration with Our Top Rated Experts with simple Registration.

    Step 1

    PF Registration

    Vyapar Formations will prepare your application of PF along with a collection of required documents and employee data

    Step 2

    PF Registration application processing

    Vyapar Formations will submit your PF application for processing as per the format prescribed

    Step 3

    PF Allotment

    Vyapar Formations will receive and share with you the PF Registration for your business along with receiving UAN for your employees

    Step 4

    PF Allotment

    Vyapar Formations will receive and share with you the PF Registration for your business along with receiving UAN for your employees

    Benefits of PF Registration Online

    Pension Coverage

    Besides the contribution of the employee to EPF, the employer adds an equal amount which is inclusive of Employee Pension Scheme (EPS). Therefore, EPF saves you a robust pension.

    Cover of Risk

    In case of instances like illness, demise or retirement, Provident Fund helps the dependents of the employee by covering the financial risks they face in such situations.

    Single Account/one EPF Account

    The PF account can be transferred while switching jobs. Universal Account Number (UAN) linked to the Aadhar will start to facilitate the linking of the previous accounts. It can be carried forward to the new employer instead of being closed down. This uniformity ensures that the rate of return is compounded over the years.

    Emergency Fund

    Emergencies are bound to happen at any point of time in life. EPF amount can be of great help during mishaps, illnesses, weddings and educational expenses. Employee can make claims online.

    Employee Deposit Linked Insurance Scheme

    Any person who has PF account is eligible for this 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.
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