EPF Registration Rs. 2999/-

EPF Registration

The Central Government can make it compulsory for organisations with less than 20 employees to contribute towards EPF by giving them two months’ notice. Organisations with less than 20 employees can also contribute towards EPF on a voluntary basis. The employee and the employer each contribute 12% of the employee’s basic salary towards EPF. In case the organisation has less than 20 employees, the employer’s contribution is 10%.

EPF Registration Procedure

For EPF Registration procedure, an employer can choose to register either offline or online, with the online option being the preferred mode for registration today. The registration form can be downloaded from the website of the Employees’ Provident Fund Organization (EPFO). Employers need to provide the following details to successfully register themselves.

EPF Registration

• Name and address of company
• Head office and branch details
• Mention date of incorporation/registration of company
• Fill up details of employees – total employee strength
• Activity the business/enterprise is involved in – i.e. manufacturing, production, service, etc.
• Legal details – This pertains to legal status of a company, i.e. whether it is a private firm/public company, partnership or society, etc.
• Owner details, including designation and address of Directors and partners
• Particulars related to wage component of employees, i.e. total wage disbursed during a month
• Details of bank with whom company has banking relationship
• PAN details
• Basic details of employee (name, date of joining, salary, etc.)
• A form titled “Proforma for Coverage” needs to be filled with the details mentioned above to finish the registration process. In addition to this Proforma for Coverage, employers are expected to submit Form 5A with Annexure 1 to complete the formalities.