Online PF Registration through vakilassistlegal
With the help of EPF expert from vakilassistlegal register EPF & avail benefits from Govt. of India. The Government of India will pay the employer and employee contribution to EP account of employees for another three months from June to August 2020. The benefit is for establishments with up to 100 employees and where 90% of those employees draw a salary of less than Rs 15,000 per month. The contribution to EPF is reduced to 10% from 12% for non-government organizations.
He owns a factory having 20 or more people, or
Any other organization / foundation with 20 or more employees or
The class of such organizations whom the Central Government may, by notice would specify for compulsory EPF employer registration.
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EMI Options
Documents Required
Digital Signature of
Proprietor/Partner/Director
Aadhar Card of
Proprietor/Partner/Director
PAN Card of
Proprietor/Partner/Director
Cancelled Cheque/Bank Statement
of Entity
Electricity Bill of the Registered
Office (not older than 2 months)
Shop and establishment
Certificate/GST Certificate/ License
issued by the government for
factory
Risk coverage
The most fundamental benefit of the Provident Fund is to cover the risks employees and their dependents may arise due to retirement, an illness or their demise.
Uniform account
One of the most important aspects of the Provident Fund account that it’s steady and transferable. It can be carried forward to any other place of employment.
Employee Deposit Linked Insurance Scheme
This scheme is for all the PF account holders. According to it, 0.5% of the salary is deducted from the life insurance premium.
Long-term goals
There are many long-term goals such as Marriage or higher education that require the urgent availability of funds.
Security
When it comes to signatures, authenticity and security is a priority. Digital signatures reduce the risk of duplication or alteration of the document itself.
Emergency needs
There are certain unanticipated occasions like marriage or other family occasions, any mishappening or illness that requires urgent finance.
Covers pension
Apart from the employee’s 12% contribution towards EPF, an equal amount is contributed by the employer, which includes 8.33% towards EPS.
Important Points relating to Provident Fund
PF Return: Provident fund return must be filed by all entities having PF registration every month. PF return is due on the 25th of each month. Further, a final PF return is due on the 25th of April for the year ended on 31st March.
PF Payment: Provident Fund (PF) payments are due on the 15th of each month. The employer must deposit a total of 12% or 10% of the employee wages towards PF on or before this date every month.
UAN: The Employee Provident Fund has launched the Unified Portal to streamline and simplify all aspects of provident fund for both employers and employees.
Due date for Filing PF Returns:
- → The due date for Monthly Challan remittance to Bank for PF is 15th of Every Month
- → The due date for Monthly PF returns is 25th of Every Month
- → The due date for yearly returns is 30th April every year
Penalty for delay in PF payment by employer
Delay in payment of PF by employer having PF registration will attract penalty as follows
| Period of Delay | Rate of Penalty (p.a.) |
|---|---|
| Upto 2 months | 5% |
| 2 - 4 months | 10% |
| 4 - 6 months | 15% |
| Above 6 months | 25% |
Per employee
Basic
- 20 to 100 employees
- Dedicated Accountant
- Phone, chat & email support
Per employee
Premium
- 100+ employees
- Dedicated Accountant
- Phone, chat & email support
Fill the form & make the payment
Get the Call from PF Expert
Upload the Details as requested for PF return
PF Expert will prepare for PF return
Congratulations! Your PF return is now filed