Get your Provident Fund Registration in
3 simple steps, you get
- Guidance for all the documentation
- Documents Review
- Universal Account Number
- Obtain Provident Fund Registration
We're ready to get you started on Provident Fund!
Introduction
The Employee Provident Fund (EPF) is a social security scheme designed to assist employees in saving a portion of their salary for future benefits, particularly during retirement. It serves as a financial safeguard, providing employees with a sense of security for their post-employment years.
Under the scope of the Employees Provident Funds and Miscellaneous Provisions Act, 1952, every company is mandated to offer its employees an EPF online, also known as the Employees Provident Fund. The process of PF registration online is a crucial step for organisations with a total employee strength exceeding 20.
The EPF registration process is overseen by the Employees Provident Fund Organization (EPFO), which acts as the regulatory body ensuring the proper implementation and management of the EPF. Through this system, employees contribute a portion of their wages to the EPF, which, in turn, helps build a retirement fund for them. This initiative not only promotes financial prudence among employees but also establishes a framework for social security, contributing to their long-term well-being.
Eligibility
The following is the eligibility for Provident Fund
For Employers
PF registration is obligatory for all businesses or organizations with a workforce of 20 or more employees. Even if a business employs fewer than 20 people, it may still be required to register for PF if mandated by a central government notification.
For Employees
Employees earning a monthly income of less than ₹15,000 are required to enroll in the EPF scheme and make regular contributions. On the other hand, employees earning more than ₹15,000 per month at the time of joining are not compelled to contribute to PF. However, they have the option to voluntarily join the EPF and make contributions, subject to an agreement between the employer, the employee, and the Assistant PF Commissioner.
Documents Checklist
We have compiled a detailed list of documents required to obtain Provident Fund Registration
For Businesses
- Document Proof of the Business
- Certificate of Incorporation
- Cancelled cheque of Business
- Address proof of the Business
- Signature of Directors and Authorised Signatories
- DSC of the Authorised Applicant
- Consent of Majority Employees(in case of Voluntary Registration)
process
Registration Process
in 3 Simple Steps
At Bright Advis, we have simplified the entire registration process of Provident Fund into 3 simple steps. This makes your journey smooth, structured and easy.
- Pre-application
- We collect basic information
- Gather required documents
- Drafting & Application
- Review of documents
- File for Universal Account Number
- Share acknowledgement with client
- Approval
- Obtain Provident Fund Registration
benefits
What's Good about Provident Fund
Financial Security
The Provident Fund scheme provides financial security to employees by creating a fund that can be utilized during emergencies, medical contingencies, or post-retirement.
Interest on Accumulated Amount
Provident Fund contributions earn interest, further increasing the overall savings and ensuring that the accumulated amount grows over time.
Tax Benefits
Both employee and employer contributions to the PF are eligible for tax benefits under Section 80C of the Income Tax Act, offering additional incentives for participation.
What do you get
when you register with our help
Register your Universal Account Number & Provident Fund
When you obtain your Provident Fund Registration with the help of Bright Advis, you not only get the items mentioned on the side, you also get a friend who advices, guides and helps you grow into a great business.
- Guidance for all the documentation
- Review of documents
- Universal Account Number
- Obtain Provident Fund Registration
- Expert advice you can count on
- Our bright support on every thing needed to complete the registration.
Why Bright Advis
There are many reasons why clients choose Bright Advis, but from our experience we have listed the four main reason why you should go with us.
Bright & Knowledgeable
Bright Advis delivers high quality financial services by a team of bright and knowledgeable experts.
Always happy to help
Bright Advis commit to provide dedicated support and assistance to our clients.
Professional & Approachable
We maintain a high level of professionalism while being easily approachable for our clients.
Easy & Quick
We focus on streamlining and simplifying the complex processes for our clients.
Frequently Asked Questions
PF registration is mandatory for all establishments with 20 or more persons, if the establishment has fewer than 20 employees still a PF registration would be required. The employee can become eligible for PF right from the commencement of the employment and onus of deduction and PF payment is with the employer.
Not every Private Limited Company is required to obtain PF registration.
The PF is directly related to the employee’s pension. Apart from the employees contribution that is 12% towards the EPF, an equal amount is contributed by the employer, 8.33% from this goes towards the Employee Pension Scheme.
If the employee does not want PF registration he can fill the Form 11 at the time of joining the job. The employee can also submit a letter addressing the employer stating that he wishes to opt out of the Provident Fund Scheme.
No, with Bright Accounts you can complete the whole procedure online, all you need to do to submit is the documents required.
Bought Together
There are many reasons why clients choose Bright Advis, but from our experience we have listed the four main reason why you should go with us.
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Ensure seamless compliance for your Private Limited Company with Bright Advis' Annual Compliance Services managed by experts.
Limited Liability Partnership Annual Compliances
Navigate LLP annual compliance effortlessly with Bright Advis. Our dedicated team ensures timely submission and adherence to rules.