BUSINESS REGISTRATION

PF Registration (₹1499)

Overview
Documents Required
Process

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 of more than 20.

Eligibility for EPF Registration for Indian employers

To be eligible for PF Registration, an organization has to fulfill the following criteria:

A factory with a total employee strength of 20 or more.
An establishment that employs more than 20 persons. Here, the Central Government defines the class of such firms.
An establishment that has less than 20 workers and has been notified of compulsory registration for not less than 2 months.Companies with less than 20 employees (Note: Such companies must issue a notice to the Employees’ Provident Fund Organization in 2 months or less than that)The employer and the employees of an establishment must mutually agree to apply for PF to the Central PF Commissioner. A notification has to be sent to the Official Gazette from the date of the agreement.

Every employee is eligible for PF right from the beginning of his employment. The responsibility of PF contribution and deduction is of the employer’s.

Frequently Asked Questions

Will PF registration help in collection of pensions?

Yes. PF has a direct impact on the pension of an employee. Of of the amount contributed by the employer towards EPF, 8.33% of it goes to the EPS, i.e., Employee Pension Scheme.

What is the rate of PF contribution?

Both the employee and employer contribute 12% of the salary. The employers part consists of 12% of basic wages + dearness allowance + retaining allowance. If the number of employees is less than 20 in the firm, then the PF rate is 10%.

Will Taxcomate be able to help my firm in my city?

As expert advisors of the provident fund on an online platform,Taxcomateis capable of aiding every establishment in India. As long as you have an Internet connection that can be used to send over a copy of all your documents, we will be able to register for your PF.

What is the rate of interest of EPF?

For the financial year 17-18, the interest rate was capped at 8.55%. When compared with any other debt instrument, this is an incredible rate of return. Furthermore, a PF account comes within the Exempt, Exempt, Exempt (EEE) status. You need not pay tax on the amount saved in your PF account. Hence, in short, there is no better way to save for your old-age than getting a PF account while you are employed. It acts as a blanket of financial security for you.

Documents required for PF Registration

PAN card of establishment
Certificate of incorporation
Cross canceled cheque of establishment
Address proof that is in the name of the establishment. It can be: Rent agreement
Water
Electricity
Telephone bill
Specimen signature of directors and authorized signatories
Digital signature of the authorized applicant
In case of voluntary registration, consent of the majority of employees

In some entities the underlying may also be needed:

First sale bill
First purchase bill of raw material and machinery
GST Registration Certificate
Bankers details
Record of a monthly employee strength
Register of salary and wages

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PF Registration (₹1499)

₹1,499.00

PF Registration (₹1499) in just same day.

Never let the businessman see down by giving your business a shining name with PF Registration (₹1499) registration. It is extremely easy to start and run!

Why choose Company registration in INDIA ?

Shields from personal liability and protects from other risks and losses.
A registered company makes it genuine and increases the authenticity of your business.
Procures bank credits and good investment from reliable investors with ease.