PF Registration Online
Provide Provident fund benefits to your employees by getting PF Registration Online. Register your company with Employees Provident Fund Organisation (EPFO). 100% online and hassle-free process for EPF Registration.
Popular Services: ESI Registration | GST Registration | GST Return |
Employee’s Provident Fund(EPF) Registration
EPF registration is mandatory for establishments that employ 20 or more employees. It is governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. Both the employer and employees contribute a percentage of the employee’s salary to the EPF fund.
The EPF scheme aims to provide financial security and retirement benefits to employees in the organized sector. It requires both employers and employees to contribute a certain percentage (12%) of the employee’s salary to the EPF fund. The contributions made over the course of an employee’s career accumulate as a corpus, which is then paid out as a lump sum or a monthly pension after retirement or in certain other circumstances.
Key features of the EPF scheme
Contribution
Both the employer and the employee make contributions to the EPF fund. The current contribution rate is 12% of the employee’s basic salary plus dearness allowance (DA).
EPF Account
Each employee has an individual EPF account, which records the contributions made by both the employer and the employee. The account reflects the accumulated balance, interest earned, and any withdrawals made.
Universal Account Number (UAN)
The EPFO issues a unique Universal Account Number to every EPF member, which remains constant throughout their employment. The UAN facilitates portability and ease of access to EPF services.
Interest Rate
The EPF contributions earn interest, which is determined by the EPFO every year. The interest rate is typically higher than regular savings accounts and is credited to the employee’s EPF account annually.
Withdrawal
Employees can withdraw their EPF balance partially or fully, subject to certain conditions, such as retirement, resignation, medical emergencies, home loan repayment, or after a specified period of unemployment.
Employee Pension Scheme (EPS)
In addition to the EPF, a portion of the employer’s contribution is allocated to the Employee Pension Scheme (EPS). This scheme provides a monthly pension to the employee upon retirement or disability.
EPF Online Services
The EPFO provides various online services, including EPF balance check, online transfer of EPF account, EPF withdrawal claim, and access to passbook details, through its online portal and mobile app.
Process for PF Registration
Bizindigo will help your business to obtain PF Registration in 5 to 7 working days, subject to government processing time.
Documentation & Application Preparation
BizIndiGo expert will explain you the process of registration, documents requirements etc. in detail. Preparation of ESI Application along with the necessary supporting documents that need to be submitted for ESI Registration.Application Filing & Processing
Once the application is prepared and filed, the concerned ESI Office will process the application and may request for more information or documents (if require).ESI Registration
Once the processing of application is done by concerned ESI office without any objection, they issue esi registration certificate and 17 digit unique code.Fast & Reliable Services
100% online, hassle-free process
Transparent Professional Fees
No Hidden charges. All inclusive fees.
Expert & Qualified Team
Team of Qualified CA, CS & Lawyers
One Stop Junction
All legal services under one roof
24 X 7 Support Services
On Call, Email, Chat &WhatsApp
PAN India Services
20+ Cities presence across india