Phoenix Auditing

Provident Fund Registration

  1. For whom Employee Provident Fund Registration mandatory?
  2. What documents to be submitted?
  3. Eligibility for Employees Provident Fund?
  4. Do I need to be present in person during the EPF registration process?
  5. What is the time taken to reister in EPF?
  6. What is the contribution rate to the Provident fund & pension scheme?
  1. For whom Employee Provident Fund Registration mandatory?
  • Entity being a government entity, public sector or private sector entity which has 20 or more employees needs to get registered with the Provident Fund Department.
  • The application must be filed within one month of reaching the employee count of 20.
  • Where the employer wishes to provide the provident fund benefit to his/her employees, he may voluntarily apply for registration.
  • Any delay may result in penalty

2. What documents to be submitted?

  • In respect of Proprietor/Partner/Director
    1. Copy of PAN Card
    2. Copy of Aadhar Card / Voter Identity Card
  • In respect of Entity
    1. PAN Card copy of firm/company/society/trust
    2. Cancelled cheque (with preprinted name & a/c no)
    3. Partnership deed (In case of partnership)
    4. Certificate of Registration (In case of Proprietorship/ Partnership)
    5. Certificate of incorporation (In case of company/ society trust)
    6. Rental Agreement of your registered office/ownership proof

3.Eligibility for Employees Provident Fund?

  • Employee in the employment and getting wages up to Rs. 15,000/- is required to become a member. (Mandatory)
  • Wages include Basic, Dearness Allowances, Cash value of food concession and retaining allowances, if any

4.Do I need to be present in person during the EPF registration process?

  • The entire procedure is 100% online and you don’t have to be present at office for registration.

5.What is the time taken to register in EPF?

  • It will take 4-5 Working days

6.What is the contribution rate to the Provident fund & pension scheme?

  • Registered employers need to deposit 12% of the basic salary of each eligible employee in provident fund account
  • Eligible employee needs to contribute in total 12% of his basic salary being 3.67% to provident fund and 8.33% in Pension scheme.