PF Registration

Rs.5,990.00

PF registration is applicable for all establishment which employs 20 or more persons

PF Registration

Price: Rs.5,990.00

Employees Provident Fund (EPF) is a scheme controlled by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated under the umbrella of the Employees’ Provident Fund Organization (EPFO). PF registration is applicable for all establishment which employs 20 or more persons. PF registration can also be obtained voluntarily by establishments having less than 20 employees.

The PF contribution paid by the employer is 12% of (basic salary + dearness allowance + retaining allowance). An equal contribution is payable by the employee. In the case of establishments that engage less than 20 employees or meet certain other conditions, as per the EPFO rules, the contribution rate for both employee and employer is restricted to 10%. For most employees working in the private sector, it’s the basic salary on which the contribution is calculated.

It is obligatory that employees drawing less than Rs 15,000 per month, to become members of the EPF. As per the guidelines in EPF, an employee, whose ‘basic pay’ is more than Rs. 15,000 per month, at the time of joining, is not required to make PF contributions. Nevertheless, an employee who is drawing a pay of more than Rs 15,000 can still become a member and make PF contributions, with the consent of the Employer.

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Benefits

  • Unified Portal: To improve ease of doing business, all services relating to provident fund like PF registration, PF return filing and payment of PF contribution has been made available online through the Unified Portal

  • UAN: The Employee Provident Fund has launched the Unified Portal to streamline and simplify all aspects of provident fund for both employers and employees. Employees who have the newly allotted UAN can use the Unified Portal for various services

  • PF Withdrawal: Employees who have contributed to PF can withdraw money in their PF account for various reasons by applying on the Unified Portal. PF can be withdrawn for house purchase, medical reasons, marriage or education of family members

Eligibility

  • PF Return:

    Provident fund return must be filed by all entities having PF registration every month. PF return is due on the 25th of each month. Further, a final PF return is due on the 25th of April for the year ended on 31st March

  • PF Payment:

    Provident Fund (PF) payments are due on the 15th of each month. The employer must deposit a total of 12% of the employee wages towards PF on or before this date every month

Documents

  • Certificate of Incorporation

  • PAN of Company/Proprietor

  • GST/MSME Certificate

  • Cancelled Cheque

  • Address Proof of Company

  • Address Proof of Company’s Director/Partner/Proprietor

  • Copy of First Sale Bill/Job work bill and First Purchase Bill

  • Details of Employees of the Company

FAQ

Do you have Any Questions?

Why should I outsource payroll and HR management?

Payroll and HR management are ancillary function for all businesses. However, for most startups and small businesses, payroll and HR management takes up a tremendous amount of time and energy of the founding members. Thus, by outsourcing payroll and HR management to TaxFino, the founding team can focus on more important areas like product development, marketing and customer support.

Before beginning the engagement, we undertake a comprehensive study of your business and setup the payroll and HR systems. In case you do not have any HR policies or systems, we will help you implement one.
Once the HR policies and structure is setup, we will implement a cloud-based HR solution to manage your payroll and HR. A dedicated HR Manager will also be allocated for your business to ensure compliance and monthly payroll processing.

We will implement a cloud-based HR suite at no-additional cost for managing your HR data and processes. All your HR information and data will be securely stored on the platform for easy accessibility – anywhere, anytime.

A dedicated HR manager will be deputed for your business to provide support every month. In addition to the dedicated HR manager, we also have a pool of HR Experts to assist you with all your HR requirements.