EazyBahi Solutions

EPF Registration

Get EPF registration for your business now

    EPF registration 1

    Employees Provident Fund

    Employees Provident Fund (EPF) or Provident Fund as it is generally called is a type of retirement benefit available to the salaried employees from their employer’s end. It is a type of retirement pension plan where both employer and employee contribute a certain percentage of money from their monthly salary so as to reap the benefits later after retirement.

    The employer and employee each contribute 12% of the employee’s basic salary towards EPF.

    Who are required to take compulsory registration under EPF?

    Organisations with more than 20 employees are compulsorily required to take registration under the EPF Act within 30 days from attaining the strength. However, new companies incorporated with effect from 15th February, 2020 get simultaneously registered under the EPF Act also. However, their liability to contribute EPF from employee’s salary or to submit PF returns arises only after crossing the threshold limit of employees for registration i.e 20 employees.

    EPF registration Procedure for employers

    For getting registered, the employer need to follow the following procedure:

    What is UAN number?

    Universal Account Number (UAN) is a unique 12 digit number allotted to every employee by their employer registered under the EPF Act. UAN number does not change with the change in employment. That is to say, the employee can get his previous PF UAN number linked to the new employer in the event of switching jobs. UAN number records the total PF deposited against the employee’s account by his employers and other necessary information.

    What is the Due Date of filing the EPF Return?

    Every employer registered under the EPF Act is required to file monthly return by the 25th of the next month and an annual return by the 25th of April each year.

    What is the Due Date of Payment of paying PF to the government?

    The Employer needs to pay PF by the 15th of every month to the Government treasury.