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PF Registration

PF Registration

What is a Employee Provident Fund ?

EPF (Employee Provident Fund) is a retirement benefit scheme that’s available to all salaried employees. This fund is maintained and overseen by the Employees Provident Fund Organization of India (EPFO) and any company with over 20 employees is required by law to register with the EPFO.

Documents required for Employee Provident Fund

  • KYC (All Employee)
  • Business details (COI)
  • Nature of business
  • Digital signature.
  • Business address proof.
  • Declaration form.
  • ESIC registration number.

Pricing :-

Basic 79,000/-
Premium 1,00,000/-
Super Premium 70,000/-

Tax Benefits

  • The employer contribution to your EPF is tax-free, and your contribution is tax-deductible under Section 80C of the Income Tax Act. The money you invest in EPF Certificate Cost Online, the interest earned and the money you eventually withdraw after the mandatory specified period (5 years) are exempt from Income Tax Benefit from employer and employee.

Who is eligible?

Provident Fund Deduction from Salary
  • When you start working, you and your employer both contribute 12% of your basic salary (plus dearness allowances, if any) into your EPF account . The entire 12% of your contribution goes into your Employee Provident Fund Registration account along with 3.67% (out of 12%) from your employer, while the balance 8.33% from your employer’s side is diverted to your EPS (Employee’s Pension Scheme) . It’s important to note that if your basic pay is above Rs. 6,500 per month, your employer can only contribute 8.33% of 6,500 (i.e. Rs. 541) to your EPS and the balance goes into your EPF account.
  • These funds pooled together from many employees like yourself and invested by a trust. This generates interest of 8% - 12%, which decided by the government and the central board of trustees. The annual interest rate is available on the official EPF India website, and is currently at 8.75%.

What if I don’t want to pay PF ?

  • Well, chances are that you’ve already started your professional career. The only time you can opt out of the EPF Registration Certificate Online program is at the start of your career, when you tell your first boss that you don’t want to be a part of it and fill out Form 11 . If you’ve contributed towards EPF Registration Cost Online even once and have an account created in your name, you cannot opt out of this scheme.
  • Don’t worry though, as even though opting out of the EPF scheme increases your in-hand salary, it’s the easiest way to build a retirement fund. Having a little less spending power now could mean financial stability later. With the pooling of funds from you and your employer and the relatively high interest rates, you could be on your way to building a strong corpus of funds, without even realising it.

Frequently asked questions :-

What is a Employee Provident Fund ?
EPF (Employee Provident Fund) is a retirement benefit scheme that’s available to all salaried employees. This fund is maintained and overseen by the Employees Provident Fund Organization of India (EPFO) and any company with over 20 employees is required by law to register with the EPFO.
Does pension amount also transfers along with EPF ?
Yes. It gets transferred automatically along with the EPF or Employee Provident Fund.
Q3 Can a member increase his EPF contribution ?
Yes, an EPF member can be increase his EPF or Employee Provident Fund contribution up to 100% of salary. But an employer not bound to the match amount beyond 12%. Also, if an employer increases its contribution beyond 12%, and the additional amount would taxable.  
What is PF scheme ?
Provident Fund is mandatory, tax qualified, defined contribution; retrial benefit plan where equal contribution at rate of 12% made by employer and employee.
 Is contribution the EPF mandatory?
For those who have basic salary of up to Rs. 6500, contributing to Employee Provident Fund Online is a mandatory. Contributions are voluntary for the basic salary exceeds Rupees. 6,500. However, it is strongly recommended make such as contributions to avail of various benefits an EPF account has in the store.  
What is a certificate of incorporation?
The certificate issued by Registrar of Companies House to the document incorporation of the company. The certificate will be record company name, number & the date of the company is incorporated.  
I am not member of EPF, can I join later?
Yes you can join EPF any time before retirement. There is no such as restriction.
 
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