PF registration is the process by which an employer enrolls with the Employees’ Provident Fund Organisation (EPFO) to comply with regulations and contribute to the Provident Fund scheme on behalf of their employees.
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Auriga Accounting has a team of registration experts who can provide complete guidance to register your EPF Registration.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for EPF Registration
Your EPF Registration is Done
The Employees’ Provident Fund (EPF) Scheme is a key social security initiative introduced by the Government of India to promote long-term savings and provide financial stability to employees after retirement. Administered by the Employees’ Provident Fund Organisation (EPFO), the scheme ensures a steady accumulation of retirement savings through mandatory monthly contributions from both employees and employers.
The Employees’ Provident Fund (EPF) is a retirement benefits scheme established under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is managed by the Employees’ Provident Fund Organisation (EPFO), one of the largest social security organizations globally in terms of clientele and financial transactions. The EPF serves as a retirement savings plan, offering financial security to employees through contributions made by both the employee and employer.
Employees can access their EPF savings under various circumstances, including:
The Employees’ Provident Fund Organisation (EPFO) provides various forms to facilitate different transactions related to the EPF scheme. Here’s a list of commonly used EPF forms and their purposes:
The Employees’ Provident Fund (EPF) is a key retirement savings scheme managed by the Employees’ Provident Fund Organisation (EPFO), governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. Below are the eligibility criteria for both employees and employers:
For Employees: Mandatory Registration: Employees earning less than ₹15,000 per month must be enrolled in the EPF scheme and contribute regularly.
For Employers: Compulsory Registration: EPF registration is mandatory for all establishments employing 20 or more individuals.
EPF registration offers several valuable financial and social security benefits for employees in India:
Once an organization is registered under the EPF scheme, it must adhere to specific compliance obligations, including:
Under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, businesses with fewer than 20 employees are exempt from the mandatory requirement of EPF registration. However, such organizations may still choose to register voluntarily under the Voluntary Provident Fund (VPF) scheme, enabling them to offer retirement benefits to their employees.
Employers are required to deduct the employee’s share of the Provident Fund (PF) contribution from their salary before payment is made. Both the employee’s and employer’s contributions must then be deposited with the Employees’ Provident Fund Organisation (EPFO) by the 15th of the following month.
The EPF scheme stands out among other debt instruments due to its sovereign guarantee, tax-free interest, and tax-deductible contributions, making it a highly secure and attractive retirement savings option. Such high-yield, low-risk debt instruments are rare.
To maintain the long-term benefits of EPF and avoid early withdrawals, it’s advisable for employees to transfer their PF account when changing jobs rather than closing it.
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