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PF Registration

Original price was: ₹2,500.00.Current price is: ₹1,500.00.

PF Registration with AutoBizNow: Simplify Employee Benefits 🏢

Provident Fund (PF) registration is a mandatory compliance for businesses in India employing a specified number of workers. It ensures financial security and social welfare for employees through contributions from both employers and employees. At AutoBizNow, powered by Professional Consultant Solution Planet Private Limited, we streamline the PF registration process, making it hassle-free for your business. 💼

What is PF Registration?

The Employees' Provident Fund (EPF) is managed by the Employees’ Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment. It is a social security scheme aimed at providing retirement and financial benefits to employees. Employers must register under the EPF scheme when they meet specific criteria.

Who Needs PF Registration?

PF registration is mandatory for: ✅ Establishments employing 20 or more employees. ✅ Organizations specified by the Central Government, regardless of employee count. ✅ Voluntary registration is allowed for establishments with less than 20 employees.

Benefits of PF Registration for Employers and Employees

🌟 Retirement Savings: Employees build a secure financial corpus for retirement. 🌟 Insurance Benefits: Employees are covered under the Employees Deposit Linked Insurance (EDLI) scheme. 🌟 Pension Benefits: Employers contribute to the Employees’ Pension Scheme (EPS). 🌟 Tax Savings: Contributions to EPF are eligible for tax benefits under Section 80C. 🌟 Employee Satisfaction: Promotes employee retention and satisfaction.

Contribution Structure for EPF

The total contribution is 24% of the employee’s basic wages:

Employee Contribution: 12% of basic wages (deducted from salary).
Employer Contribution:
- 3.67% to EPF.
- 8.33% to EPS.

Eligibility for PF Registration

1️⃣ Employers:

Businesses employing 20 or more workers.
Voluntary registration is possible for smaller establishments.

2️⃣ Employees:

Compulsory for employees earning a basic salary of ₹15,000 or less per month.
Optional for employees earning above ₹15,000, subject to employer consent.

Documents Required for PF Registration

📄 Employer Details:

PAN Card of the business or proprietor.
Incorporation Certificate (for companies).
GST Registration Certificate (if applicable).

📄 Employee Details:

Employee-wise salary details.
Aadhaar and PAN of employees.

📄 Business Details:

Address Proof of the business.
Bank Details (including canceled cheque).
Specimen Signature of the employer.

Step-by-Step Process for PF Registration

1️⃣ Prepare Documents: Gather all necessary documents for registration. 2️⃣ Access EPFO Portal: Log in to the EPFO Unified Portal. 3️⃣ Register Establishment: Fill in establishment details, upload documents, and generate the TRRN (Temporary Registration Reference Number). 4️⃣ Verify Details: EPFO verifies the submitted information. 5️⃣ Receive PF Code: On successful verification, the PF code is issued.

Compliance After PF Registration

Once registered, employers must: ✔️ Deposit contributions before the 15th of each month. ✔️ File monthly ECR (Electronic Challan cum Return) on the EPFO portal. ✔️ Maintain employee records and provide UANs (Universal Account Numbers).

Why Choose AutoBizNow for PF Registration?

🌟 Expert Guidance: End-to-end assistance in PF registration and compliance. 🌟 Hassle-Free Process: Simplified procedures, saving time and effort. 🌟 Ongoing Support: Assistance with monthly filings and employee onboarding. 🌟 Compliance Assurance: Ensure timely contributions and regulatory adherence.