Employees Provident Fund (EPF) is a social security scheme which is implemented throughout India and is regulated by the Employees Provident Fund Organisation (EPFO) which is formed by the mandate given by Employees Provident Funds Act, 1952. EPF is designed to offer social security benefits to employees of a particular organization and building stronger employer-employee relationship.
Companies having an employee base of 20 or more, within one month must register from the time of attaining this strength, in addition to certain penalties which are applicable for delay in EPF registration.
2. Co-operative societies must register if their employee strength increases to 50 or more.
3. Registered organizations whose strength falls below the minimum specified number will continue to be under the purview of the above act.
The Employees Provident Fund (EPF) and Miscellaneous Provisions Act 1952 categorically apply to factories/Industries specified in Schedule I or to any other establishments as specified by the central government engaging 20 or more employees. For the convenience of MSME and other small business or trade houses, EPFO has made the process of EPF registration online. Now one can register the Establishments, filing of monthly returns integrated with online payment of the contributions and charges.
You can register with EPF by following the below mentioned process step by step:
By following these simple steps one could easily get EPF registration of their employees.
EPF is a social security scheme which helps each and every employee to save a part of its income to meet its future needs.
EPF is mandatory for all the establishments but there are certain conditions which are to be met, such as:
EPF account registration is mandatory for all the establishments but there are certain conditions which are to be met, such as:
You can check the Employees provident fund balance by getting your Universal account number (UAN) and verifying the same.
Once you receive your UAN you can easily check all the transaction in your EPF account online by visiting the EPFO website. EMPLOYEES’ PROVIDENT FUND ORGANISATION
Yes, EPF contribution is mandatory for those who have a salary upto INR 15,000 and those earning salary above 15,000 can voluntarily opt for the scheme.
EPF UAN Registration is unique number which is allotted to an individual once he becomes a member of EPFO. EPF account registration will deliver you EPF-UAN number which will help you in accessing all the service related to your EPF account online. EPF account services such as; withdrawal, checking EPF Balance, EPF UAN Registration EPF Loan application, Checking your EPF Balance etc. will be done only when EPF account registration is done.