pf registration

1. PROVIDENT FUND(PF) Registration PROVIDENT FUND Kindly contact us : 91-9717109099/8586016310 Email: info@estartindia.com

2. PROVIDENT FUND(PF) PF registration is applicable for all organization which employs 20 or more employees. An important tool for aiding the savings of the workforce is EPF or Employees Provident Fund. EPFO or Employees Provident Fund Organization of India manages the Provident Funds of the employees under Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. Once an establishment employs 20 or more people, it becomes mandatory for the organization to obtain a PF registration. The total contribution to the PF fund is 12% of basic salary for an employee of which 6% is borne by the employer and 6% is borne by the employee. For employees whose basic salary is less than Rs. 15000 per month, it is mandatory that they become EPF members. If the basic pay of an employee is more than Rs. 15000 per month then EPF membership is not mandated by law but is optional at the discretion of the employer. eStartIndia will help you to provide PF registration at Just Rs. 6,999/-( All Inclusive) eStartIndia

3. www.eStartIndia.com ADVANTAGES OF PROVIDENT FUND REGISTRATION • Statutory Guidelines adherence – PF registration helps businesses adhere to statutory guidelines since it is mandatory for businesses with over 20 employees. • Employee savings– It aids savings for employees by maintaining a regular fund contribution from both employer and employees • Fund availability– Contributions to Provident fund can be withdrawn by employees in their time of need such as medical emergency, marriage expenses, education etc. • Tax benefits– The interest earned on the Provident fund savings is tax free and the contributions to fund are deductible from salary • High safety– The PF amount is safe and secure from any market variations and employees are assured a return on their principal amount eStartIndia

4. DOCUMENTS REQUIRED FOR REGISTRATION For Proprietorship: • Self attested copy of PAN card (mandatory) • Details of employees, details of nominees, details of salary • Cancelled Bank Account cheque • Proprietor identity proof • Passport; or • Aadhar card; or • Voter ID; or • Driving license • Proprietor address proof • Self-attested copy of Telephone/Mobile or Electricity bill; or • Bank Account Statement (Less than 2 months old) • Proprietorship Address Proof • Telephone/Mobile/Electricity/Gas bill (Less than 2 months old); AND • In case of rented premises a notarized copy of Rent Agreement with a No-Objection Certificate (NOC) for conducting business; • In case of self-owned premises registered title document eStartIndia

5. DOCUMENTS REQUIRED FOR REGISTRATION For LLP (Limited Liability Partnership): • Copy of LLP PAN card • LLP Agreement • Cancelled Bank Account cheque • LLP Partners’ names • Details of employees, details of nominees, details of salary • LLP Partners’ identity proof • Passport; or • Aadhar card; or • Voter ID; or • Driving license • LLP Partners’ address proof • Self-attested copy of Telephone/Mobile or Electricity bill; or • Bank Account Statement (Less than 2 months old) • LLP Address Proof • Telephone/Mobile/Electricity/Gas bill (Less than 2 months old); AND • In case of rented premises a notarized copy of Rent Agreement with a No-Objection Certificate (NOC) for conducting business; • In case of self-owned premises registered title document eStartIndia

6. DOCUMENTS REQUIRED FOR REGISTRATION For Private Limited Company : • Copy of Company PAN card • COI (Certificate of incorporation) • MOA/AOA • Board resolution duly signed • Cancelled Bank Account cheque • Details of employees, details of nominees, details of salary • Company Director Identity Proof • Self-attested copy of PAN card (Mandatory) • Passport; or • Aadhar card; or • Voter ID; or • Driving license • Company Director Address Proof • Self-attested copy of Telephone/Mobile or Electricity bill; or • Bank Account Statement (Less than 2 months old) • Company Address Proof • Telephone/Mobile/Electricity/Gas bill (Less than 2 months old); AND • In case of rented premises a notarized copy of Rent Agreement with a No-Objection Certificate (NOC) for conducting business; • In case of self-owned premises registered title document eStartIndia

7. DOCUMENTS REQUIRED FOR REGISTRATION For Society/Trust: • Copy of Society/Trust PAN card • COI (Certificate of incorporation) • MOA and Bye Laws of Society/Trust • Board resolution duly signed • Cancelled Bank Account cheque • Details of president and all members with address and contact details • President and Members’ Identity Proof • Self-attested copy of PAN card (Mandatory) • Passport; or • Aadhar card; or • Voter ID; or • Driving license • President and Members’ Address Proof • Self-attested copy of Telephone/Mobile or Electricity bill; or • Bank Account Statement (Less than 2 months old) • Society/Trust Address Proof • Telephone/Mobile/Electricity/Gas bill (Less than 2 months old); AND • In case of rented premises a notarized copy of Rent Agreement with a No-Objection Certificate (NOC) for conducting business; • In case of self-owned premises registered title document eStartIndia

8. Registration Process

9. Is it permissible for an employer to deduct his share of contribution from an employee’s wages? • No. An employer must contribute his own share and any such deduction is a criminal offence. • Is it possible for an employee to contribute to PF after service termination? • No. A PF contribution requires an employer and wages, and in the absence of these no contribution is permissible. • Can the PF contribution amount be attached against any member liability? • No. PF amount is free from any attachments against employee liability as legal provisions. • Can an employee apply for PF transfer on employment change? • Yes. An employee must apply for PF transfer to the present establishment by filling due forms. • Is there any age restriction to become the member of Provident Fund? • No. There is no age restriction for Provident Fund membership. • Is an option available to an employee to not become a member of the EPF? • No. There is no such option available to an employee. • For how long can a member retain PF in his account? • Till the amount of Provident Fund is withdrawn, a member can retain membership. However, in the absence of any contributions for more than 3 years, interest stops getting credited to the account after the 3rd year.

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