Provident Fund Basic

Provident Fund Basic Registration

  • INR 7,699 /-
  • All Inclusive, No hidden Charges

Basic Plan

Companies which have employee strength of 20 or more are required to be registered with PF Department. The capacity of 20 includes contract employees like housekeeping, security or other contractual workers in the business. Those companies which do not have the endorsed number of employees but willing to register themselves to provide the advantages of Provident Fund to their employees can register voluntarily with the Regional Provident Fund Office. Registration has to be done within One month from the date of hiring 20 employees. Any delay may result in a penalty.

Required Documents for Provident fund registration:
. PAN Card copy of firm/company/society/trust
. Cancelled cheque (bearing preprinted name & a/c no)
. Partnership deed (In case of partnership)
. Certificate of Registration (In case of Proprietorship/ Partnership)
. Certificate of incorporation (In case of company/ society trust)

Step-1
Drafting Documents

Step-2
Application Filing

Step-3
Application Processing

Step-4
Completion of registration

The Employee contributes 12% of his /her Basic Salary & the same amount is contributed by the Employer.

Yes because provident fund contribution by the employer & employee is not a taxable income for Income Tax purpose.

Nomination Form No 2 has to be filled to become a member of the Provident fund, form is available with HR department.

You just have to fill form no 13 to transfer your P.F amount.