EPF REGISTRATION

EPF (Employee Provident Fund) registration is a mandatory requirement for employers in India who have more than 20 employees. The EPF scheme is a retirement savings scheme that helps employees save for their future by contributing a portion of their salary to a savings account with the EPF.

Employers must register themselves and their employees with the EPFO (Employees’ Provident Fund Organisation), which is the statutory body that manages the EPF scheme. The EPFO is responsible for ensuring that employers comply with the regulations related to the EPF scheme.

To register for EPF, an employer must obtain an Employer Identification Number (EIN) or Business Identification Number (BIN) from the Ministry of Corporate Affairs. The employer then needs to register online on the Unified Portal of EPFO using the EIN/BIN.

During the registration process, the employer must provide details such as the name of the establishment, address, number of employees, and bank account details. Once the registration process is complete and the details provided are verified, the EPFO issues a certificate of registration.

After the registration process is complete, the employer must contribute to the EPF on behalf of the employees every month. The employee also contributes a similar amount. The contributions made by the employer and employee are deposited in a savings account with the EPF, and the amount can be withdrawn by the employee at the time of retirement.

Employers must also file EPF returns twice a year, which are due on 25th April and 25th October of each year. Non-compliance with EPF regulations may result in penalties and legal action, which can be avoided by fulfilling the compliance requirements related to EPF registration.

Document Required For EPF Registration In India

• Company Registration Proof
• Company Pan Card
• Owner Pan Card, Aadhar Card
• Company Bank Details
• Employee Strength Details

Process Flow for EPF Registration In India

• Documents Verification
• Apply for DSC & Obtain
• Draft Application Ready sent for approval
• Final Application Submitted

• Contribution
• Updation of employee
• Record keeping
• Filing of returns
• Compliance with regulations