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Documents Required for Provident Fund Registration

Basic Documents

1. Digital Signature Certificate

2. Aadhar Card

3. PAN Card

4. Cancelled Cheque

Registered Address Documents

1. PAN Card Of Entity

2. Electricity Bill

3. Shop & Establishment Certificate

4. Employee Declaration

Quick Checklist

1. Documents like bank statement or electricity bill should be recent.

2. A utility bill, rent agreement or sale deed and an NOC (Non-Objection Certificate) from the landlord with his / her consent to use the office as a registered office of a company must be submitted as well.

Secure Your Workforce’s Future with Provident Fund Registration

EPF Registration offers tax benefits

The interest rate earned on the EPF account is eligible for tax exemption. This relaxation is provided under Section 80C of the income tax act. Also, even multiple transactions from the EPF account would not lure any taxes for five years unless the employee voluntarily opts to resign from the job or terminate his/her tenure. Any contribution towards the EPF account doesn’t attract any tax liabilities.

Hassle-free pension for post-retirement

Procuring funds at the age of 50 or 60s could be a daunting task. Although EPF discourages short-term fiscal benefits, it will ensure that you will get the money when you need it the most. The constant accumulation of funds towards the pension would prepare the substantial financial ground for the individuals for their phase of life after retirement. The advantages of EPF Registration are practically countless.

Funds for Crisis Management

The financial crisis could creep up anytime and squeeze out every bit of your savings. Thanks to the EPF account, that can act as an alternative source of funds to cater to fiscal obligations under the state of crisis. Whether you need to deposit for urgent medical bill or cater to education expenses, your PF is nothing short of savior in the demanding situation.

FAQ On Provident Fund Registration

FAQs On EPF Registration

Get answers to all your queries

Who must register with PF Department?

Any company which has 20 or more employees is required to be registered with the PF Department.
What is the time taken for EPF employer registration?

It will take 10-15 working days.
What is the contribution rate to the Provident fund & pension scheme?

12% of the basic salary deposited in provident fund account is contributed by employers, whereas out of employee contribution of 12%; 3.67% is contributed to the provident fund and 8.33% is submitted in Pension scheme.
What is the contribution of an employer?

The Employee contributes 12% of his /her Basic Salary & the same amount is contributed by the Employer. Employer contribution of 12% of basic salary is totally deposited in provident fund account whereas out of Employees contribution of 12%, 3.67% is contributed to Provident fund and 8.33% is deposited in Pension scheme.
What is the basic salary for EPF applicability?

Employees drawing basic salary up to Rs 15000/- have to compulsory contributions to the and employees drawing above Rs 15001/- have an option to become a member of the Provident Fund.
Is employee provident fund is taxable?

Provident fund contribution by the employer & employee is not a taxable income for Income Tax purpose.
What is the required number of employees required for employee provident fund applicability?

Any establishment which employs 20 or more employees, except apprentice and casual laborers, every Employee including contract labor who is in receipt of basic salary up to Rs. 15000 p.m. is covered by the Act. Any establishment which has been covered under the Act once shall continue to be governed by the Act even if the number of persons employed therein at any time falls below 20.
Still, have confusion?

Don’t worry!! Our expert will help you to choose a best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at support@newtaxage.com

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Place your query/Request Call Back from our experts

Place your query/Request Call Back from our experts

Documents Required for Provident Fund Registration

Easy Steps to Complete Your Provident Fund Registration

Secure Your Workforce’s Future with Provident Fund Registration

FAQ On Provident Fund Registration

FAQs On EPF Registration

Get answers to all your queries

Who must register with PF Department?

What is the time taken for EPF employer registration?

What is the contribution rate to the Provident fund & pension scheme?

What is the contribution of an employer?

What is the basic salary for EPF applicability?

Is employee provident fund is taxable?

What is the required number of employees required for employee provident fund applicability?

Still, have confusion?

Client Testimonials
We Are Rated 4.8 on Google

.

Place your query/Request Call Back from our experts

Place your query/Request Call Back from our experts

Documents Required for Provident Fund Registration

Easy Steps to Complete Your Provident Fund Registration

Secure Your Workforce’s Future with Provident Fund Registration

FAQ On Provident Fund Registration

FAQs On EPF Registration

Get answers to all your queries

Who must register with PF Department?

What is the time taken for EPF employer registration?

What is the contribution rate to the Provident fund & pension scheme?

What is the contribution of an employer?

What is the basic salary for EPF applicability?

Is employee provident fund is taxable?

What is the required number of employees required for employee provident fund applicability?

Still, have confusion?

Client Testimonials We Are Rated 4.8 on Google

Client Testimonials
We Are Rated 4.8 on Google