PF Registration
PF registration refers to the process of registering for the Employees' Provident Fund (EPF), a mandatory savings scheme for employees in establishments with 20 or more employees. It is governed by the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.
Both employers and employees contribute 12% of the employee's salary towards the EPF, with the employer's share including contributions to the EPF, EPS, and EDLI schemes. Employers must file monthly or annual returns with the EPFO and comply with regulations such as maintaining records and providing information as required. The EPF provides financial security and stability to employees after retirement, and employees can access the accumulated funds for various purposes. Overall, PF registration ensures legal compliance and offers social security benefits to employees.
Required Documents:
- Certificate of Incorporation: A copy of the certificate of incorporation of the establishment, which proves its legal existence.
- PAN Card: A copy of the Permanent Account Number (PAN) card of the establishment.
- Address Proof: Any valid document that serves as proof of the establishment's address, such as a utility bill, lease agreement, or property ownership document.
- Cancelled Cheque: A cancelled cheque leaf or a copy of the establishment's bank statement clearly showing the bank account details, including the account holder's name, account number, and IFSC code.
- Identity Proof: A copy of the identity proof of the establishment's authorized signatory, such as a PAN card, Aadhaar card, or passport.
- Specimen Signature: The specimen signature of the establishment's authorized signatory on a letterhead.
- List of Employees: A list of employees working in the establishment, including their names, dates of joining, and salary details.
- Proof of Salary: Documents substantiating the salary details of employees, such as salary slips or bank statements reflecting salary credits.
- Registration Certificate: For certain establishments, such as partnership firms or societies, a copy of the registration certificate may be required.