Who is eligible to get EPF registration?
For Employer
PF Registration is mandatory for all the establishments-
It has involved a group of 20 or more individuals.
For any other establishment with fewer than 20 individuals, the central government must specify this in the notification on its behalf.
For Employee
The employer needs to obtain PF registration within a month of reaching the specified staff count. Failure to comply will result in applicable penalties. Once registered, an establishment remains subject to the Act even if the number of employees falls below the required threshold.
The breakup of the PF contribution
The 12 % contribution is divided into the following subdivision:
3.67% of the contribution towards the Employees Provident Fund
1.1% of the contribution towards the EPF administration Charges
0.5% of the contribution towards the employee's deposit linked insurance
0.01% contribution towards the EDLI administration charges
8.33% towards the Employees Pension Scheme.
What is the Employees Pension Scheme?
8.33% of the employer’s contribution goes towards the Employees Pension Scheme, calculated at Rs. 15,000. If an employee’s basic pay is Rs. 15,000, Rs. 1,250 is directed to the Employee Pension Scheme. If the basic pay is below Rs. 15,000, 8.33% of the amount is directed to the scheme, with the remaining balance retained in the EPF scheme. Upon retirement, the employee receives their full share, while the employer’s portion is credited to the EPF account.
1. PAN of the Partner, Proprietor, or the Director
2. Address proof (can be any utility bill but should not be older than 2 months)
3. Aadhar card of Proprietor, Partner, or Director.
4. Canceled Cheque Or Bank Statement.
5. Digital Signature of the Proprietor/ Partner or Director.
6. Hired/ Rented or Leased Agreement If there is any.
PF registration must be completed through the EPFO You can register for PF online via their website.
If a salaried employee's Basic and Dearness Allowance is below Rs 15,000 per month, it is compulsory for the employer to register them for EPF.
Employees earning below Rs 15,000 per month are required to register for EPF, while those earning above this limit must seek permission from the Assistant PF Commissioner to enroll as members.
PF registration is necessary for all establishments employing 20 or more individuals Even if an establishment has fewer than 20 employees, PF registration is still required Employees are eligible for PF from the start of their employment, and the responsibility for deduction and PF payment lies with the employer.
Obtaining PF registration in India typically takes 20–25 days.
