PF REGISTRATION


EMPLOYEE’S PROVIDENT FUND


EMPLOYEES' PROVIDENT FUNDS & MISCELLANEOUS PROVISIONS ACT, 1952

Any other establishment employing 20 or more persons which Central Government may, by notification, specify in this behalf.Applicability : Every establishment which is a factory engaged in any industry which has 20 persons are employed.

Any establishment employing even less than 20 persons can be covered voluntarily u/s 1(4) of the Act.

Banks employing 20 or more employees.



AATMA NIRBHAR BHARAT ROJGAR YOJANA (ABRY)

New employees who have joined between 1-10-20 to 30-6-21 or who have exited during 31-3-20 and rejoin after 1-10-20 and having salary less then 15000 will receive the benefit of  employees and employers contribution towards PF from Government ( You need not to pay single peny from pocket)

New PF Registration done before 30-6-21.



ELIGIBILITY

Any person who is employed for work of an establishment or employed through contractor in or in connection the work of an establishment where salary upto 15,000/: p.m. and optionally covered where salary exceeds Rs.15,000/-p.m. w.e.t. 01.09.2014.


I)Any person who is classifed as disabled employee  under EPF scheme and working in private sector draw monthly wages upto 25,000/-.

II)Any person person employeed under any establishedment as a International worker.

III)Any new joinee who is drawing salary Rs. 15001/-& above above wel 1-9-2014, are not entitled for Pension Scheme.



BENEFITS

Employees covered enjoy a benefit of Social Security in the form of an unattachable, unwithdrawable (except in severely restricted circumstances like buying a house, marriage/education etc.) Financial nest example to which employees and employers contribute equally throughout the covered person employment. This sum is payable normally on retirement or death. Other Benefits include Employees' Pension Scheme and Employees Depot Linked Insurance Fund


VOLUNTARY COVERAGE

If any of the establishment is not satisfying above-mentioned condition and if the employer and majority of the employees are willing, the Act may be applicable to such establishment.


Employees’ Covered for PF Registration:

1.    Full-time employees

2.    Part-time employees

3.    Employees Working at Home

4.    Contractual Employees

5.    Full-time Consultants

                                                                PF Due Dates

                            PF Payment Due Date

       15th of Every Month

                            PF Monthly Return Due Date

       25th of Every Month

                           PF Annual Return Due Date                               

       30th April

PENAL PROVISION



Liable to be arrested without warrant being a cognisable offence. Defaults by employer in paying contributions or inspection /administration charges attract imprisonment up to 3 years and fines up to 10.000 (S.14) For any retrospective application, all dues have to be paid by employer with damages up to 100% of arrears.



DOCUMENTS REQUIRED FOR REGISTRATION UNDER PROVIDENT FUND

  • Pan card of the Establishment
  • Certificate of Incorporation
  • Copy of Partnership Deed / Memorandum and Article of Association
  • Cancelled cheque of Establishment
  • Address proof of the Establishment (Rent Agreement, Water/Telephone/Electricity bill in the name of Establishment)
  • List of Directors/Partners/Owners along with their residential addresses