Employee Provident Fund (EPF) is an abbreviation for Employee Provident Fund, which is a scheme governed and supervised by the Employee Provident Fund Organization (EPFO), which was formed under the Employee Provident Funds & Miscellaneous Provisions, Act 1952.
EPFO is one of India’s largest social security organisations, with a significant volume of financial transactions. EPF offers many incentives to employees in the form of Provident Fund during their retirement years.
Employers are expected to present certain documents to successfully register EPF as proof in order. A list mentioned below are the documents required for online EPF Registration
In case the company is a registered partnership firm, a copy of partnership deed is required
Along with the mentioned above documents, all legal documents or proofs are required under the Income Tax Act such as PAN details of the company, Partition Deed
If the organization has registered under GST, the certificate should be submitted
The following establishments are required for EPF registration:
Any establishment with 20 or more staff or employees at any time during the previous year Factory or manufacturing firm that employs 20 or more people at any time during the previous year
The Central Government will provide a two-month notice period during which a specific establishment, regardless of its employees, must complete the registration process. Upon receipt of the notice, such an institution will be registered immediately.
In India, the procedure for obtaining EPF registration online is as follows:
Employers have the option of starting the EPF registration process online or offline. In the current situation, the most preferred mode of registration is online, and it is also the most simple. The prescribed registration form for EPF registration can be downloaded from the Employees’ Provident Fund Organization’s official website (EPFO). To successfully complete the registration process, employers must follow the steps outlined below. .
Then, to build your account, click the ‘Sign Up’ button and enter the required information, such as your name, email address, phone number, and verification code.
Once the registration is completed successfully, the department issues the EPF certificate. The Unique Identification Number is found on Form 5 of the certificate.
Following receipt of the registration certificate, the applicant must change or update the KYC of each employee by linking the Aadhar card, bank balance, and other necessary details to generate the employee’s UAN number.