✆   Helpline : +919031675086

PROVIDENT FUND REGISTRATION

PF Registration for Businesses in India

Start your new business journey with our seamless and hassle-free registration process. We provide a complete package of services from company registration to PF registration and many more according to your requirements, and the most important thing is that our services are budget-friendly.

Our experienced expert team ensures you get all the services smoothly..

Provident Fund Registration in India – Online Process

PF Registration: Online Registration in an Easy Way

The Provident Fund Savings Scheme was introduced by the Indian government for all salaried employees in India, in which fixed interest rates are regularly deposited. Each month, both the employee and the company contribute a small amount of money so that the employee can access the money upon retirement, upon leaving the job, or in certain circumstances.


PF Registration means that the company opens an EPF account for its employees. Once the company is registered, each employee is assigned a PF account number, into which money is deposited every month.

Mandatory Requirements for EPF Registration

Employers must meet certain requirements for EPF registration:

Organizations with more than 20 employees and workers must do PF registration.
Organizations with fewer than 20 employees can voluntarily apply for a PF registration.
Once a company is registered, it is necessary to provide its employees with provident fund benefits.
It requires a contribution of 12% of employees' basic salary and 12% of their income.
The company must create a universal account number for each new employee to connect them to the EPF system.

How to Register for EPF in a Simple Way

Employers can register for the provident fund through the Startup India online platform.

First, visit the Startup India Online platform.
Then, select Provident Fund Registration under the License option.
Then, they must fill out the Provident Fund application form.
The further process will be handled by a professional executive of Startup India Online, and once all verifications are complete, the registration will be complete.

When can employees withdraw EPF funds?

Employees can withdraw EPF funds under these circumstances:

Upon leaving a job
At the time of retirement
To buy or build a house
In a medical emergency
Conclusion

EPF registration is a process that helps employees start saving a little for the future, providing financial security and a retirement fund. If you are an employer and want to help your employees, you can get EPF registration. In addition to EPF registration, you can also get Private Limited Company Registration, MSME registration, etc., through the Startup India online platform.

Frequently Asked Questions

1. Is it possible that the employer can reduce their share of EPF contribution?
No, the employer cannot do so. It is a criminal offense.
2. When is the interest credited?
The interest is credited every month as soon as the new financial year ends.
3. Can an employee contribute to the EPF scheme after he or she quits the job?
No, the employee can only contribute as long as he or she is in service.
4. Can an employee opt-out of EPF?
No, an employee cannot opt out of the EPF scheme. It is mandatory for all salaried professionals.
5. How long does it take to register for an EPF account?
It can take almost 20-25 days to get an establishment registered.
6. Can an employer have any outstanding dues from the PF amount payable to a member?
No, the employer cannot do so.
7. If the employee is paid on a daily wage basis, how is the contribution determined?
The wages paid in a calendar month will be taken to determine the contribution date.
8. Whom to complain if the PF is not settled within 20 days?
The person whose claim is unsettled can approach the Regional P.F. Commissioner or log a complaint on the website.
9. Is there any time frame for the withdrawal of PF dues?
In case the member is resigning from service, he or she has to wait for a period of 2 months before withdrawal.
10. How will the PF be calculated for a person working in two companies?
There will be different membership for different establishments.
11. Can an apprentice be a member of PF?
No, but as soon as he or she ceases to be an apprentice, he or she must be enrolled immediately.
12. What is the formula for calculating pension?
Pension = Pensionable salary (average of last 60 months) x pensionable service / 70