Employee Provident Fund (EPF) is a scheme that offers retirement benefits to all the salaried employees irrespective of working in Government or Public or Private Sector organizations. The term, “employee” includes the range starting from experienced professionals to Security Guards, Housekeeping, etc. However, an apprentice, intern, and a migrating employee are excluded from the ambit of the EPF Scheme. EPF registration is regulated and administered by the EPFO (Employee Provident Fund Organization).

The companies or the entity having employee strength of twenty or more employees is required to get itself registered under the EPF scheme. However, the organizations having less than twenty employees can also voluntarily apply for the EPF Registration. Moreover, the Co-operative Societies are required to have employee strength of fifty or more for obtaining EPF Registration. It shall be noteworthy to note that the companies are required to obtain EPF registration within one month from hiring twenty employees or it may result in a penalty.

The Employee Provident Fund and Miscellaneous Provisions Act, 1952, act as the governing law for the EPF Registration. As per this act, both the employer and employee are mandatorily required to contribute 12 percent of their basic wage to the respective EPF account. One of the most significant benefits of having an EPF account is that the EPF numbers remains the same even after changing jobs.

EPF REGISTRATION PROCESS

Basic Documents - Arrange and provide basic documents as per the list provided by us.

Payment of Fees - Make the payment of registration fees.

Initiate Process - An application is to be filed online.

Key Deliverables - Get the PF Registration certificate

At M.B. YARAGA & CO , Bangalore, assist the entities with various registration-related tasks, such as obtaining new registrations, voluntary registrations, amendments to existing registrations, submitting monthly and yearly returns, etc. Our crew is knowledgeable in EPF Act issues. If you require these services, we would be happy to help. Email us ca.malluby@gmail.com or call us @ +91 9916495890