Employees Provident Fund Registration 

What is Employees Provident Fund?

Companies which have employee strength of 20 or more are required to be registered with PF Department. Provident Fund or PF is largely an employee benefits scheme prescribed by the Government which provides facilities to the employees of an organization with regard to medical assistance, retirement, education of children, insurance support and housing. It is created with the purpose to provide financial security and stability to employees. In this article, we have discussed various topics regarding Provident fund registration such as timeline, eligibility criteria, documents required for PF registration etc.

Timeline to get EPF registration in India

• EFP registration (Provident Fund registration) has to be done within One month from the date of hiring 20 employees. Any delay may result in a penalty.
• The application for PF Registration is made online with the Digital Signature of one director or the Authorized Signatory of the company.

Eligibility criteria for an employee

• Any salaried employee who is a resident of India is liable to be a member of the employee provident fund scheme.
• The employee is liable for this scheme right from the first day of his/her joining to any job.
• Once the employee becomes a member, he/she is responsible for provident funds benefits along with the insurance and pension benefits.
• It is mandatory for employees having a salary of Rs. 15,000 or more to be a member of this scheme although the employee can voluntarily apply for it at any wage.
• The employee contributes a minimum 12% of salary (can voluntarily contribute more).

List of required documents for PF Registration

Following is the complete list of documents required for PF registration:

• Digital Signature of Proprietor/Partner/Director
• Aadhar Card of Proprietor/Partner/Director
• PAN Card of Proprietor/Partner/Director
• Cancelled Cheque/Bank Statement of Entity
• PAN Card of entity
• Electricity Bill of the Registered Office (not older than 2 months)
• Shop and establishment Certificate/GST Certificate/ License issued by the government for factory

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