EPF Registration
Secure Your Employees’ Future with Statutory Compliance
Overview
EPF (Employees’ Provident Fund) Registration ensures that your organization and employees benefit from the statutory retirement savings scheme mandated under the Employees’ Provident Fund & Miscellaneous Provisions Act. It not only ensures legal compliance but also builds trust and financial security for your workforce.
Why EPF Registration Matters:
- Ensures statutory compliance for businesses with more than 20 employees.
- Guarantees retirement benefits for employees.
- Helps in building employee trust and retention.
- Avoids penalties and legal consequences for non-compliance.
EPF Registration Details:
| Feature | Details |
|---|---|
| Eligibility | Any establishment with 20 or more employees, including factories, offices, and shops. |
| Employee Contribution | 12% of basic salary + dearness allowance deducted monthly. |
| Employer Contribution | 12% of basic salary + dearness allowance contributed monthly. |
| Registration Timeline | Typically completed within 10–15 working days after submission of documents. |
| Documents Required | PAN of the company, address proof, list of employees with details, bank account details, incorporation certificate. |
| Compliance Requirements | Monthly EPF contribution filing, maintenance of records, annual returns submission. |
| Benefits to Employees | Retirement corpus, pension benefits, insurance coverage, tax benefits. |
| Penalty for Non-Compliance | Fine up to ₹5,000 per violation and potential legal action. |
Additional Advantages:
- Online registration and easy maintenance of accounts.
- Integration with payroll systems for hassle-free contributions.
- Transparent and timely access to employee provident fund balances.
Ideal For:
Small, medium, and large enterprises aiming to comply with labor laws and provide long-term financial security to employees.
Key Takeaway:
EPF Registration is not just a legal obligation; it’s an investment in your employees’ future, enhancing credibility, trust, and organizational stability.
Certification
