Employees’ Provident Fund is a social security scheme that helps employees save a small portion of their salary for future benefits. Provident fund registration online comes under the purview of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
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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 more than 20. Such employers can opt for online PF registration from Barrister Babu. Companies can register for employee provident fund, in 3 easy steps:
EPF registration applies to the following establishments:
The organization which has more than 20 employees has to mandatory register according to the requirements of EPFO.
An establishment which has less than 20 employees can choose for voluntarily registration.
Any form of organization which is acknowledged according to the requirements of the act will have to register under the Employee Provident Fund.
The employer contributes some proportion to the EPF fund along with the employee. The employer also adds his contribution that is inclusive of the employee pension scheme (EPS).
Provident fund acts as financial support at the time of retirement, illness, demise, disability or any similar risk occurred to the employee.
Taking into consideration that the employee provident fund registration grants extraordinary benefits like it is a mode for retirement savings. After a particular time period, the retirement benefits can be used through this scheme.
Under this scheme, the form of deduction is carried through the salary account. Under the provision of EPF, 12% is deducted and then it is credited to this fund. More than 8.33% from this proportion is credited directly to the requirements of pension. Due to this advantage, an employee can think about such savings as a necessity after their retirement.
PF account of an employee need not to be closed in case the employee switches his job as the same can be carried forwarded.
The Provident Fund can be a great support, safety and assurance for employees as it offers a sense of financial security to the employees. It is regulated by the Employees’ Provident Fund Organization (EPFO), which is also one of the most well known and biggest Social Security Organisation in India. They handle huge amounts of financial transactions on a daily basis. The process of applying for the provident fund is also not a difficult task as long as you have a professional to help you sort things out.
At Barrister Babu, we guarantee that you do not have to go through the legal complexities of registering for PF. Once we get the required information and the documents, our experts fill the forms accurately and submit them on time. Our team takes the responsibility of follow-ups and deliver you the PF number at the earliest time as possible.
Our expert will be your advisors and consultants for PF online registration and help get the PF number in 5 to 10 business days (not factoring processing time). On the very first consultation, you will get the gist of our PF process. When we work on your behalf, we ensure that the PF application is submitted for the organization in the prescribed format without any errors. We pledge easy working at the most economical prices.
The EPFO members will be able to keep a tab of their UAN status using online methods. All you need to do is to provide the EPF number and select your state. You will automatically get the UAN status.
All the individuals will have to activate their UAN if they need access to all the direct/online facilities given by the Employee Provident Fund.
Following documents are required for filing employer registration & establishment registration under EPF:
In some entities the underlying may also be needed:
You just need to collect the mandatory documents and send a copy of each document to us. The rest will be handled by the efficient team at Barrister Babu. From filing the form to verification processes and legal formalities, we handle it all!
Employee Provident Fund Organization (EPFO) Launches WhatsApp Helpline Service.
Oct 14, 2020
With the ever increasing popularity of the free messaging application - WhatsApp, the EPFO has launched a Whatsapp Helpline Service for quicker and immediate responses to the grievances of its subscribers. The helpline gives access to 138 regional offices of the EPFO, allowing subscribers to connect with concerned personnel and receive one-one-one guidance for their queries.
Mar 06, 2020: Now, Registration For EPFO, ESIC To Be Done On Corporate Ministry Portal
Registration of current or new public, private limited companies and one person company for inscribing under the Employees Provident Fund Organisations and the Employees’ State Insurance corporation will certainly be regulated on the ministry of corporate affairs portal and not on the labor ministry’s portal, stated by the labor ministry.