Provident Fund Registration

    - Applicable for organizations having 20 or more employees
    - Within 3-4 working days.

Register

Documents Cost Process FAQs

PF Online Registration

Provident fund is a type of scheme where the salary of a monthly salaried is kept for pension person which only includes a small chunk of the salary for the purpose of giving it out at the end of the employment status of that set person in the given establishment. The Provident fund is established by Employees Provident Fund Organization (EPFO). PF registration is mandatory for organization where the employees count is more than 20 members, and the employees with salary less than Rs 15000/-have to mandatorily member of EPFO. The fraction of salary goes into the savings of the each individual which would be awarded during the retirement of the employee from the given place of work. Employees’ Provident Fund and Miscellaneous Provisions Act 1952 is applicable to: Every establishment which is engaged in any one or more of the industries specified in Schedule I of the Act or any activity notified by Central Government in the Official Gazette. The individual can check its PF balance online and can withdraw it according to the PF withdraw rules. At Unilex Consultants we provide you a hassle free provident fund registration process which would be dealt by our professionals within a time frame of 3-4 working days. Our team takes care of the documentation and aids in provide you the realistic estimation of cost.

Advantages of PF Registration

image

MEDICAL BENEFITS

The employee can withdraw six times his or her worth salary or the entire PF amount based on whichever is lesser at that point of time, and the thus taken funds can be used for personal or blood relationship medical needs.

image

SECURITY

The PF process is totally taken care by the Employees Provident Fund Organization of India which provides a peace of mind and is secure in nature.

image

INSURANCE BENEFITS

As per Employee Deposit Linked Insurance scheme, in any organization where group insurance scheme is not available to the employees, the organization has to contribute 5% of monthly basic pay as premium for the life insurance cover.

image

NOMINATION

The employee can avail nomination benefits and the funds can be available to the nominee in case of any unfortunate event happening to the person who is enrolled for the PF scheme.

image

TAXATION BENEFITS

The employer contribution is exempt from tax and employee’s contribution is taxable but eligible for deduction under section 80C of Income tax Act.

image

TAX FREE INTEREST

There is a tax free interest (Compound) and maturity provides a great value added to the Provident Funds

Documentation for for Provident Fund Registration

image

Copy Of PAN

image

Mobile Number & Email Id:

image

Digital Signature in the name of Employer

image

Address Proof of Registered office of the Company

image

Any License or certificate issued by government Authority

image

Proof of setup of Establishment

image

Details of Employees including Name, Address, Date of Joining, Age, gender, mobile no. etc.

image

Consent letter of majority of Employees

Packages



Note:


Process involved in registering a Provident Fund Registration

image

1

Create Login ID

1 Working Day

image

2

Proceed For Registration

1 Working Day

image

3

Document Submission

Same Day

FAQs About PF

What companies are eligible ?
Any company belonging to any sector out of the box is eligible if they have an employee count of over 20.
What will be average time of registration ?
The registration would take anywhere between 4-5 day depending on the working schedule of the government.
How are the contributions made? And by whom ?
8.33% of the employee’s basic to the Employees’ Pension Fund Scheme 3.67% of the employee’s basic to Employees’ Provident Fund Scheme 0.5% of the employee’s basic to EDLI
Can I make voluntary contribution to the PF? What is the benefit of it?
As an employee, you can contribute voluntarily over and above the stipulated rate of contribution. However, the contribution to VPF will have to be a fixed % of wages and not a fixed amount. Once an employee decides to contribute a certain percentage to his PF account, he must continue to do so till end of the financial year. The Employer does not have to make a matching contribution.
Whether member can edit his details i.e.father’s name, relationship, date of birth, date of joining, date of exit as available in the EPFO database?
No, the member cannot edit his details i.e. father’s name, relationship, date of birth, date of joining, date of exit as available in the EPFO database.

Why choose Unilex?

Well with highly qualified professionals in our team along with the technology gives edge over others, as a result highly rated professional services with full customer satisfaction is assured. We help to grow and manage your business letting you to concentrate on your business.

image

MSME Registered

Unilex is registered with the Ministry of Micro, Small & Medium Enterprises (MSME), a part of Government of India.

image

ISO 9001:2015 Certified

Unilex is a ISO certified body, assuring the quality professional services to aspiring startups

image

Money Back Guarantee

Subject to our terms and conditions, money back is guaranteed if we failed to give 100% customer satisfaction

image

Google Partner

Unilex is a Google Partner. Google Partners are tasked with helping businesses market their service or products online.

image

900+

Satisfied Enterprenuers

image

500+

Team Strength

image

10 years+

Professional experience

image

2000+

Services delivered

image

Learning center

Learning never stops

Get yourself updated with various start-up/Entrepreneurship laws applicable in India. Dive into our well written articles/blogs by our experts and get more information on government regulations and company rules and regulations.

Start Learning