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Provident Fund (PF) registration is essential for employers who have 20 or more employees. It is a social security scheme aimed at providing financial security and stability to employees.
To apply for PF Registration in India, you will need the following documents:
The Provident Fund (PF) is a savings scheme for employees, which helps them accumulate a retirement corpus.
Any company with 20 or more employees must register for Provident Fund (PF) under the EPF Act.
Both employers and employees contribute 12% of the employee’s basic salary to the PF account every month.
PF balance can be checked through the EPFO website, UMANG app, or by sending an SMS to the EPFO.
If withdrawn before 5 years of continuous service, PF withdrawal is taxable. After 5 years, it becomes tax-exempt.
Yes, employees can voluntarily contribute more than 12% to their PF account under the Voluntary Provident Fund (VPF) scheme.
Employers must file a monthly PF return by submitting Form 5A and Form 3A through the EPFO portal.
Yes, linking Aadhaar with your PF account is mandatory to ensure the timely processing of claims and other benefits.
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