EPF Registration

Objective of Act :

The Employees' Provident Funds & Miscellaneous Provisions Act, 1952 (EPF Act) has been enacted with main objective of protecting the interest of an employees after his retirment and social security to himself and his dependents. The Act provides the shield to workers and dependents from risk of age, retirement, retrenchment and death

Applicability :

EPF Act, 1952 extends to whole of India except to the state of Jammu & Kashmir

It applies on every establishment employing 20 or more persons & engaged in industry specified in Schedule I of the Act or any other activity notified by the Central Government

It applies to all departments / branches of an establishment wherever situated in India and aboard.

Any establishment employing even less than 20 persons can be covered voluntarily under section 1(4) of the Act

Eligibility

Employees drawing salary / wages at the time of joining up-to Rs. 6,500/- per month are governed by the provisions of the Act.

Employees drawing salary / wages more than Rs. 6,500/- per month may also be brought under the purview of the Act at the discretion of the management and by furnishing a joint undertaking to the Provident Fund Commissioner.

Employees engaged through the Contractor in or in connection with the work of an establishment are also covered under the purview of the Act.

Payment of EPF Contribution

The employer shall pay the contribution payble to the employees provident fund, employees deposit linked insurance, and employees pension fund in respect of the member of the employees pension fund by him directly or through a contractor.It shall be the responsibility of the principal employer to pay the contributions payble to the EPF, EDLI and EPS by himself in respect of the employees directly employed by him and also in respect of the employees employed through a contractor.

EPF Challan Contributions

A/c – 1 : Epf employers 12% + employees 3.67% = 15.67 %
A/c – 2 : Epf admin charges 1.10%
A/c – 10 : Eps employees 8.33 %
A/c – 21 : Edli 0.50 %
A/c – 22 : Edli admin charges 0.01%
Total = 25.61%

Services We Provide for the  establishments under Employees' Provident Fund (EPF)

1. Obtaining EPF Registration / EPF Code Number
2. Preparation & submission of applicable Forms with the relevant EPF Office.
3. Preparing EPF Challans & Depositing monthly EPF Contributions on behalf of the establishment
4. Preparation & filing of periodical returns as may be required under EPF Act / Schemes
5. Preparation & Maintenance of Statutory Registers & Records as required under EPF Act / Schemes
6. Preparation & Maintenance of Inspection Note Book, Annual Contribution Statement, Pass Book
7. Assistance in ensuring / complying various provisions of the Act related to disclosures, notices, displays, deductions, forfeiture etc.
8. Furnishing of particulars of change in ownership / management of the establishment
9. Providing day to day consultancy on matters pertaining to EPF, pension scheme & EDLI scheme
10. Assistance to employees in Withdrawals from EPF
11. Assistance to employees in Transfer of EPF Accumulation
12. Assistance to employees of establishment in claiming widow pension, family pension , children pension under employee pension scheme
13. Assistance employees in claiming / obtaining superannuation pension
14. Assistance at the time of inspection / enquiries conducted under the Act
15. Correspondence / Liaisoning with concerned EPF Department / Office
16. Replying Show Cause Notices issued under EPF Act
17. Clearing the Balance Sheet from the EPF Authority
18. Manage and appear in the 7A case proceedings

Check List of Documents Required for EPF Registration

 Registration Under EPF Act (Documents Required)

1. Performa of Coverage
2. BN Number allotment form
3. Certificate of Incorporation
4. MOA and AOA
5. Pan Card of Company
6. Bank Statement of Company
7. Cancelled Cheque of the company
8. Sales Tax / Service Tax / Shops & Establishment Act Registration certificates (if any)
9. List of Directors
10. Address Proof and ID Proof of Directors
11. Premises Proof of the company (Preferably electricity Bill and Rent agreement both)
12. Employee strength month wise since the date of incorporation
13. List of employee (name, fathers name, date of birth, date of joining, salary)
14. Affidavit of director for applicability date
15. Power of attorney in the name of advocate
16. Copy of Board Resolution
17. Copy of two work orders