The EPF scheme is funded by both employees and employers. At retirement, employees can withdraw cash from their EPF accounts. Their EPF accounts will also include interest accumulated on both their and their employer's contributions. Consequently, such a scheme is extremely beneficial to employees in both the commercial and public sectors. Such accounts are administered by the employee provident fund organisation.
PF Registration Eligibility
Mandatory EPF registration is required for the following establishments:
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EPF deductions are required by law for businesses with 20 or more employees
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Certain conditions apply to organizations with fewer than 20 employees
EPFO Online Registration Information
An application for EPF registration can be submitted online. EPFO's official website has the application form. Additionally, Form 5A and Annexure 1 must be submitted by companies. In order to complete it, you must provide the following information:
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Identify the company by its name
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Name and address of the company
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Branches and head office information
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Incorporated date of the company
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The number of employees in total
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Business type
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A company's legal status
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Directors/partners' names and addresses
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Employee wage details
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Details of your bank account
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Details of PAN
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Details about employees.
Registering for EPF: Documents Required
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Deed of partnership - firms that operate as partnerships
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A certificate of incorporation for a public or private company
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Society/trust registration certificate
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Societies and trusts - objectives and rules
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Documents related to income tax
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Details of your PAN
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Public/private limited company memorandum of association
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A company's articles of association, whether it is a public or private company
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Incorporation proof - sales invoice, license, or salary statement
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Details of salary
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Statement of financial position.
DSC Upload Instructions
Digital Signature Registration Certificates (DSCs) must be uploaded when registering under the EPF scheme.
Step 1: You can visit the EPFO website by clicking here
Step 2: Sign in with your login credentials.
Step 3: Click on the digital certificate tab from the homepage
Step 4: Click 'Register Certificate'
Step 5: Afterwards, the company's information will appear
Step 6: Name, mobile number, and email address of the employer will be included
Step 7: Then click 'Next' after checking everything.
Step 8: To upload a DSC, select it from the list and click on it
Step 9: Select 'Run' and choose the USB option
Step 10: Upload or connect your USB token by clicking the 'USB token'.
Step 11: Enter your PIN details after selecting this certificate and authenticating it
Step 12: When verified, click on the OK button.
How Does the EPFO Online Registration Process Work?
Here are the steps for provident fund registration steps:
Step 1: E-Sewa can be accessed by visiting the website
Step 2: To upload documents, read the instructions carefully
Step 3: Choose the option for 'Employer Sign in'
Step 4: Select 'New Registration' from the menu
Step 5: Follow all instructions and then click on "Register"
Step 6: All required information must be filled in
Step 7: Online submission should be rechecked and then submitted
Step 8: Click on the CAPTCHA that appears on the screen and enter it
Step 9: After clicking 'Get Pin', you will need to enter your personal information
Step 10: An OTP will now be sent to your registered mobile number or email address
Step 11: Click on the 'Submit' button after entering the OTP
Step 12: Once you have completed the process, download the PDF. EPF needs to receive this PDF later.
Conclusion
Providing employees with a sense of financial security can be a great support, safety, and assurance. EPFO, one of the most well-known and largest social security organizations in India, regulates it. On a daily basis, they deal with a large amount of financial transactions. As long as you have a professional to assist you, applying for the provident fund is also not a difficult process.
