Provident Fund Standard

Provident Fund Standard Registration

  • INR 14,899 /-
  • All Inclusive, No hidden Charges

Basic Plan

Employees Provident Fund (EPF) is a scheme controlled by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. PF registration is applicable for all establishment which employs 20 or more persons. PF registration can also be obtained voluntarily by establishments having less than 20 employee.

The PF contribution paid by the employer is 6% of (basic salary + dearness allowance + retaining allowance). An equal contribution is payable by the employee. In case of establishments which engage less than 20 employees or meet certain other conditions, as per the EPFO rules, the contribution rate for both employee and the employer is restricted to 10%. For most employees working in the private sector, it’s the basic salary on which the contribution is calculated.

It is obligatory that employees’ drawing less than Rs 15,000 per month, to become members of the EPF. As per the guidelines in EPF, employee, whose ‘basic pay’ is more than Rs. 15,000 per month, at the time of joining, is not required to make PF contributions.

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)

Drafting Documents

Application Filing

Application Processing

Completion of registration

For an employee to become eligible for Pension fund, he has to complete membership of the Fund for 10 Years.

Compound interest as declared by the Govt. is given for every year of service