PF Registration Online: An Overview

Providing future benefits to employees is one of the purposes of the Employees’ Provident Fund.

A company must offer its employees an employee pension fund (EPF) in the same way it offers retirement funds to its employees. Generally, it is governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. EPF registration requires at least 20 employees. Creating an employee provident fund for a company is as simple as following three steps:

  • We offer free consultations and form filling
  • An affiliate dedicated to data validation can perform the work
  • Please find attached a receipt for your PF number

EPF Is Available To Indian Employers: Eligibility 

It In order to be eligible for PF Registration, an organization must meet the following criteria:

  • It should be an industry with more than 20 employees.
  • An establishment employs more than 20 people. These are the firms that fall under the definition of this category outlined by the Central Government.
  • An establishment with fewer than 20 workers must register within two months of being notified of compulsory registration.
    Companies with fewer than 20 employees must notify the Employees’ Provident Fund Organization within two months.
  • Employees and employers must agree on the Central PF Commissioner. The agreement must be announced in the Official Gazette within 30 days of signing.

An employee is eligible to receive PF from the beginning of his employment. The EPF employer is responsible to deduct and contribute to the EPF.

How Does EPF Sewa Benefit Employees?

Protection for pensions under insurance

Besides the employee’s contribution to EPF, the employer also contributes an equal amount, including the Employee Pension Scheme (EPS). The EPF allows you to save a substantial amount of money at retirement.

Coverage under insurance

In the event of an employee’s illness, death, or retirement, the Provident Fund covers dependents’ financial risks.

A single EPF account/a single EPF number

It is possible to transfer the PF account when switching jobs. In order to link previous accounts, the Universal Account Number (UAN) will be linked to the Aadhar. It can be carried over to the new employer instead of being closed down. In this way, the rate of return is compounded over time.

Emergency funds

We will all experience emergencies at some point in our lives. It can be incredibly helpful to have the EPF amount on hand during mishaps, illnesses, weddings, or education expenses. Claim forms can be submitted online by employees.

Deposit insurance for employees

It requires a 0.5 % deduction from salary to qualify for this insurance plan.

Aims beyond the basics

It is extremely helpful to have a PF account for future purposes such as setting up a child fund or buying a house.

Taking a look at the EPF balance

If registered under the UAN portal, UAN members can access EPFO details by calling 011-22901406 from their registered mobile number. PF balances and previous contributions are easier to access when UANs are linked to bank accounts, PAN cards, or Aadhar numbers.

To check EPFO balances and PF contributions, UAN members can send a text message to 7738299899.

How To Apply PF Online?

Below given is a detailed process of how to apply for PF.

  • It is important to collect data and documents related to employees.
  • There is an EPFO registration for the establishment.
  • DSCs (Digital Signature Certificates) must be registered by employers.
  • The employer’s details should be included on the application.
  • Before submitting the form, make sure it is accurate
  • Understand Universal Account Numbers [UANs] and PF registration certificates

UAN status can be tracked online by EPFO members. The only thing you have to do is provide your EPF number and select your state. You will automatically receive an update on the status of your UAN.

To avail of direct/online services of the Employee Provident Fund, UANs must be activated.

EPF Registration Documents

All businesses applying for PF must submit the following documents:

  • Obtain a copy of the PAN card for the establishment
  • Certificate of incorporation
  • Cross-canceled establishment check
  • A proof of address bearing the name of the establishment. These are some of the things you can do with it: Agreement for renting, Water, Power
  • Service bill for telephones
  • A director’s signature and the signature of a signatory
  • A digital signature of the applicant who has been authorized
  • Majority approval is required for voluntary registration

The underlying might also be required, depending on the entity:

  • The first sale’s bill of sale
  • First time purchasing raw materials and equipment
  • GST registration certificate
  • Details of bankers
  • Monthly employee strength reports
  • Register of wages and salaries

Providing employees and their families with a safety net is one of the best things the government has done. As well as the employees, the scheme is beneficial to the employer. As part of the scheme, employees are also protected against any untoward incidents. First and foremost, the employer must register for the scheme in order to benefit from it. One can easily register for the scheme because the procedure is very simple.