PF/ EPF Registration In India - An Overview
The Employees Provident Fund (EPF) is a savings program set up under a law from 1952. It is managed by the Employees’ Provident Fund Organization (EPFO). If a company has 20 or more employees, it must sign them up for the EPF. Some smaller companies may also need to join under certain conditions. Both the employee and the employer put money into the EPF. When an employee retires or leaves the job, they get back the total amount saved, which includes their contributions, the employer’s contributions, and any interest earned.
Online PF Registration
To apply for Provident Fund (PF), a business needs to provide these important documents:
1. PAN card for the business
2. Certificate of Incorporation
3. A cancelled cheque from the business’s bank account
4. Proof of address for the business, such as a Rent Agreement, Water Bill, Electricity Bill, or Telephone Bill
5. Digital signature of the authorized person applying
6. If applying voluntarily, most employees may need to agree.
Some businesses might also need to provide extra documents, such as:
– First sale bill
– First purchase bill for raw materials and machinery
– GST Registration Certificate
– Bank details
– Monthly record of employee numbers
– Salary and wages register
