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Provident Fund (PF) Registration

What is Provident Fund (PF) Registration?

A provident fund is a mandatory retirement saving scheme introduced and managed by Government of India for benefiting the employees on retirement. An employee gives a portion of his/her salary to provident fund and the employer should make a contribution from their side. The money in the fund is kept and handled by Government and a retiree or their surviving family (nominee in case of diseased employee) withdraws the fund. In certain cases, provident fund pays out to the disabled employee, who is not in a condition to work further. Provident Fund (PF) registration is mandatory for all companies that have more than 20 employees.

₹ 1130 All Inclusive

Benefits of PF Registration

Pension Coverage

Besides the contribution of the employee to EPF, the employer has to add equal amount which is inclusive of Employee Pension Scheme (EPS), which saves you from huge pension expenses.

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Financial Risk Coverage

In certain instances such as retirement, illness or demise of an employee, provident fund helps the employee/dependents by covering the financial risks they face in such situations.

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Single EPF Account

The PF account of an employee can be transferred while he/she switching jobs. UAN (Universal Account Number) linked to the Aadhaar will help to facilitate the linking of previous accounts. The EPF account can be carry forward to the new employer rather than being closed down, which ensures the rate of return compounded over years.

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Funding the Emergencies

An Employee can make claim over the EPF amount in case of any emergencies like illness, wedding or educational expenses, which will be great support for the employee.

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Apply for PF Registration Online

Documents Required for Provident Fund Registration

  1. PAN Card PAN card of establishment/Proprietor’s PAN in case of Proprietorship firm.
  2. Certificate of incorporation In case of LLP/Company
  3. Bank Cheque Cross cancelled cheque of establishment
  4. Address Proof Address proof that is in the name of the establishment. It can be rent agreement, Water, Electricity, Telephone bill
  5. Signature Specimen signature of directors and authorized signatories
  6. Digital Signature Digital signature of the authorized applicant
  7. Consent In case of voluntary registration, consent of the majority of employees

Register Online

Apply for Provident Fund Registration in 3 Easy Steps

  1. Fill up the registration form

    Select any package suits your requirement

    Fill up the form which will take less than 10 minutes

    Provide details & upload documents required for Provident Fund Registration

    Make payment through secure payment gateway.

  2. BookMyTM is Here to Help

    Your queries will be answered quickly and effectively

    Discussion on PF Registration

  3. Preparation of application by experts

    Filing of online application

    Get PF Registration Certificate & UAN (Universal Account Number)

    All these in 5 – 10 Working Days*

    *Subjected to Government Processing Time

The Process of Provident Fund Registration Online

  1. Day  1 -2

    Collection of Information

    Collection of required documents

  2. Day 3 – 4

    Verification of information and Documents provided

    Discussion on PF Registration

  3. Day 5 – 10

    Preparation and submission of PF Registration application online

    Government Processing Time

    PF Registration Certificate & UAN (universal Account Number)

    *Subjected to Government Processing Time

Enquiry


FAQ

What is the rate of PF contribution?

Both the employee and employer contribute 12% of the salary. The employers part consists of 12% of basic wages + dearness allowance + retaining allowance. If the number of employees is less than 20 in the firm, then the PF rate is 10%.

Will PF registration help in collection of pensions?

Yes. PF has a direct impact on the pension of an employee. The amount contributed by the employer towards EPF, 8.33% of it goes to the EPS, i.e., Employee Pension Scheme.

Shall an employee make claim of his EPF in emergencies?

Yes. An employee can make claim over his EPF in certain emergency situations such as illness, educational expenses or wedding expenses or him/herself or dependents.

What is the contribution for EPF both by employee and employer?

12% is the basic salary of an employee is the contribution from employee side and the same amount should be contributed by employer too.