EPF Registration
Our experts can help you obtain EPF Registration only @ as well in regular PF compliances while you stay relaxed about getting insured under Provident Fund without complications
- Expert Advisory
- Application Preparation
- Form Filing
- PF Number issued
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Table of Content
- EPF Registration - An Overview
- Applicability for EPF Registration
- Eligibility Criteria for EPF Registration
- Benefits of EPF Registration
- Documents Required for EPF Registration
- Step-by-Step Process for EPF Registration
EPF Registration - An Overview
Employees’ Provident Fund (EPF) is a government-mandated savings scheme for employees in India. It aims to provide financial security and retirement benefits to employees working in organizations with 20 or more employees. EPF registration is essential for employers and employees to contribute toward the employee’s retirement savings.
Applicability for EPF Registration
- 1. Retirement Savings : Ensures long-term financial security with compounded interest on contributions.
- 2. Employer & Employee Contributions :Both contribute 12% of basic salary, doubling the savings.
- 3. Tax Benefits : Contributions are tax-deductible, and withdrawals after 5 years are tax-free.
- 4. Employee Security : Provides funds for emergencies, medical needs, or after retirement.
- 5. Housing Loans: EPF can be used for buying a home or home renovation.
- 6. Pension Scheme (EPS) : Monthly pension for employees after retirement.
- 7. Death/Disability Benefits EPF balance goes to the nominee in case of death or disability.
- 8. Easy Transfer/Withdrawal : Funds can be transferred when changing jobs and accessed for specific needs.
- 9. Voluntary Contribution: Employees can contribute more than the mandatory amount to increase savings.
FAQs for EPF Registration
Related Business Registrations
In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an Advisor to find out registrations your business may require post registration.
EPF
Registration
Profession Tax Registration
startup India Registration
