Employees’ Provident Fund (EPF) is a scheme under Employees’ Provident Fund Organization (EPFO) in India. In this, employer and employee both contribute a certain percentage of employee’s salary and employee gets lump sum amount of both contribution (employer and employee) at retirement along with interest.
EPF Registration
All Organizations, whether Government or Non-Government can obtain EPF Registration. EPF Registration online is mandatory for the organization/ establishments as follow:-
- If it is a factory or any organization or establishment engaged in any industry having 20 or more employees.
- Class of establishments which is notified by central government.
Registration must be obtain within 1 month of employing more than 20 employees. If Central Government make it compulsory for class of establishments then it will provide a not less than two month notice to register at EPF.
Employer or majority of employees can themselves apply to Central PF Commissioner for register under EPF provision. The Central PF Commissioner will pass notification in the Official Gazette and the provision will be apply to such establishment from the date of such agreement or any subsequent date as agreed.
Documents Required by Other Entities:-
- First sale and Purchase Bill
- GST Registration Certificate
- Bank details
- Salary details of employees
- Balance sheet details
- All legal documents which might be required under the Income tax act.
- Fill up details of employees – total employee strength, Gender, Type of Activities, Wages above limit, Total Wages.
- The type of the business undertaken by the organization
- Legal details – This includes the legal status of a company
- Mention date of incorporation/registration of the company and Partition deed, if any.
- In case of factory then factory license, date of license, place of issue.
- If the establishment is an MSME then MSME registration details to be provided.
- Email id, phone numbers of employees.
- Branch and Divisions details.
Steps for EPF Registration
Step 1: Visit the site of “EPFO”, Employee Provident Fund Organization and click on “Establishment Registration”.
Step 2: Next you can take help of “INSTRUCTION MANUAL” available on the page. Or Click on the “Sign-up” button.
Step 3: Fill in the details asked like Name, Email, Mobile Number, and Verification Code. Further click on the option of “Registration for EPIO-ESIC”. Two option will appear for EPF Registration in India, click on Provident Fund and then submit.
Step 4: New page will open asking details about Establishment Details, e-Contacts, Contact Persons, Identifiers, Employment Details, Particulars of workers, Branch/Division, Activities, and Attachments. After filling the details click submit.
For employers who are already registered can login with their UAN Universal Account Number and password.
Step 5: In next step is followed by registration of DSC, (Digital Signature Certificate). It is mandatory for new registration getting DSC register.
Step 6: This will take you to the last step, click on “I have read the instruction manual”. Click on “Registration Button”.
Step 7: Further fill the employer’s details like
- First Name as per furnished to Income Tax Department.
- Employer PAN
- Username should be selected from the list available
- Hint question Hint answer are substitute, in case employer forget password.
- Fill the CAPTCHA CODE, Mobile Pin and activate the link through E-mail.
Employee provident fund- EPF form31
EPF Form 31 also known as ‘advance form’ is an application form that must be filled by an employee who wishes to withdraw funds partially from their EPF account.
Some fields must be filled by the employee and the rest by the employer and the EPF commissioner.
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The EPF form contains the following fields that must be mandatorily filled by an employee as per rules of the employee provident fund scheme 1952.
Father name/husband’s name (in case of married woman)
Read More https://indianmoney.com/articles/epf-form-31
Employment Provident Fund is created with an intention to help private sector employees to save a fraction of their monthly salary.
And this savings will be helpful for the employees in the event of employee’s termination or if the employee is no longer fit to work or after their retirement.
Apart from these, you also need to provide the KYC details including:
For instance, if the monthly salary is Rs 20,000, the contribution from employee towards his or her EPF would be Rs 2,600/month i.e.
To withdraw money from EPF account, employees can now make use of UAN based Form 19.
This facility is available to all those employers whose UAN is activated and verified with KYC details including Aadhar card number, and bank account number.
