EMPLOYEE PROVIDENT FUND REGISTRATION
Every establishment in which 20 or more employees are working ( whether employeed directly or through contractor )
shall comply the Employees Provident Fund (EPF) Scheme under The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
EPF Contribution on employees salary ( Basic +DA+ Retaining Allowance) drawing upto Rs.15,000:-
- 12% of Basic ( Include DA & retaning earnings if any) by Employee from his salary
-
Equal Amount is i.e. 12% of Basic ( Include DA & retaning earnings if any) by Employer’s.
Out this 12% of employers contribution, 8.33% diverted to Employees Pension Scheme (EPS) and 0.5% towards Employees’ Deposit linked Insurance (EDLI) and balacne towards EPF.
- Employer also pays 0.85% as EFP Admin fee and 0.01% as EDLI admin charges
In certain specified cases as applicable to industry EPF contribution rate apply 10% in both Employee and employer case.
Documents required for EPF registration :
1 Permanent Account Number
2 Digital Signature of Employer
3 Bank Details ( Cancelled Cheque)
4 Address Proof ( COI/Telephone/Electricity/Water bill)
5 Partnership Deed ( for Partnership Firm)
6 Certificate of Registration ( for Partnership Firm)
7 Startup India DIPP Certificate ( For startup)
8 Udyog Aadhar/MSME Certificate ( if MSME Enterprise)
9 Factory License ( For Factory)
10 Consent letter of the majority of Copy of Consent Letter Employees with their details and signatures ( in case of Voluntary Registration)
11 List of Eligible Employees with Salary breakup
