Employee 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 online or Employees Provident Fund which is akin to a retirement fund. PF registration online comes under the purview of the Employees Provident Funds and Miscellaneous Provisions Act, 1952. EPF registration process is mandatory for organizations with total employee strength more than 20. Such employers can opt for online PF registration from Vakilsearch.

In India, employers must obtain EPF Registration within 1 month of reaching a certain employee strength, or face penalties. Once registered, an establishment remains under the Act even if the employee count drops. The Central Government can mandate registration for establishments with fewer than 20 employees after a 2-month notice period. Employers and employees can jointly apply for the Act's provisions to apply, with the Commissioner then applying them via an official notification. All employees are eligible for Provident Fund from the start of their employment, with responsibility for deduction and payment lying with the employer. The PF contribution of 12% should be equally divided between the employer and employee, unless the establishment has fewer than 20 employees, in which case the PF deduction rate is 10%.

The following are the benefits of EPF Registration in India:

1. Long-term goals: Long-term goals like marriage or higher education, necessitate the immediate availability of funds. During such times, the accumulated Provident Fund amount is frequently useful.
2. EDLI Scheme: Employee Deposit Linked Insurance Scheme or EDLI Scheme is available to all PF account holders. As per this, the life insurance premium is deducted at the rate of 0.5% of the salary.
3. Risk Coverage: One of the main benefits of EPF Registration is that it covers the risks that employees & their dependents may face as a result of illness, death, or retirement.
4. Pension Coverage: Apart from the employee’s contribution to EPF, the employer contributes an equal amount, which includes 8.33% to the EPF.
5. Need in Emergency: Some unexpected events like marriage or other family gatherings and any mishap/illness, necessitate quick financial help, the Provident Fund amount can be

EPF in India is the primary way for employees to save for retirement and it’s managed by EPFO. The Employees’ Provident Fund & Miscellaneous Provisions Act, 1952 sets out who can join

• For Employees:

1. Employees who earn less than Rs. 15,000/month must join the EPF & make regular contributions;
2. Employees whose salary is more than Rs. 15,000/month at the joining time aren’t required to make PF contributions. Yet, they can still opt to join the Employee Provident Fund & make contributions with the employer agreement & the Assistant PF Commissioner.

• For Employers:

1. EPF Registration is compulsory for all businesses or organisations that employ 20 or more people;
2.  If a business or organisation employs at most 20 people, it may still require EPF Registration if specified by the Central Government notification.

Following are some important details need to provide for EPF Registration:

1. No. of employees;
2. Complete name and address of your Company;
3. Head office and branch details;
4. Type of business activity;
5. Nature of the business;
6. Company Registration date;
7. Details of all the Directors or Partners;
8. Basic details of the employees;
9. Salary details of the employees;
10. Company’s bank account details;
11. PAN Card.

Our experts will be your consultants for EPF Registration online & help get the Provident Fund Number in minimal days. On the very 1^st consultation, which is free of any charge, you will get an idea of our EPF Registration process. When we work on your behalf, we make sure that the EPF Registration application is submitted for the organisation in the prescribed format without any errors.