Getting your PF registration now made easy
We offer our esteemed clients complete support with their Provident P.F Registration online. Our experts work with all employees and employers to ensure that they register for the provident fund. We take you by the hand through every stage to ensure a successful registration.
The Provident Fund registration process
- You need to be qualified to register for the Provident Fund
- You will need to put together your documents such as bank account information, Aadhaar, PAN details, and so on.
- Complete your Provident Fund registration form
- Submit your application with the documents required for Provident Fund registration.
- Your application has to be verified by the required authorities
- You will be given a PF registration number after a successful verification
- The PF contribution process will be set up
- You will start making your PF contributions every month
- Be sure to keep a good record of your PF contributions
- There will be regular monitoring to ensure that contributors comply with the regulations of the scheme.
Eligibility
The PF requirements for employees
- You have to be an employee
- Your salary should be about 15,000 Indian Rupees or thereabouts
- Employees with over 15,000 INR salary need employer consent to register
- The minimum contribution of employees is about 12% of their salary (they can contribute more).
The PF requirements for employers
- Employers can register for the Provident Fund (should have have over 20 employees).
- Employers can be exempted from the registration if a certain number of its employees agree to this exemption.
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What is the Provident Fund?
The Provident Fund is a contribution scheme meant for employees. Whereby employees and employers pool funds together. Employees will contribute about 12% of their wages to this fund. employers are expected to contribute about 3.67%. The funds can be withdrawn without any tax payment. The employee can access this funds when they die or resign from the company.
Why PF is important
- It is mandatory
- It provides a financial means after they retire
- It comes with tax benefits
- A great instrument for long-term savings
Documents Required for provident Fund registration
Documents needed by Employers for PF registration:
- Company incorporation certificate
- GST certificate and PAN card
- Latest bank statement
- The full details of the company employees
- Names of all company directors, ID and address proof.
Documents needed by Employees for PF registration:
- Employee details like ID and address proof
- Employment details like job contract date
- Employee designation
Benefits to enjoy with the Provident Fund:
- It is a good way for employees to access financial support after retirement
- Does not come with tax deductions
- It helps employees to easily access loans through using their Provident Fund balance
- They can withdraw the funds at any time.
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Frequently Asked Questions
We help you register for the PF and we ensure the fastest registration process. You can rely on our services to ensure quick success.
If there are over 20 employees in your company, then PF registration is mandatory. This is one of the requirements.
This scheme is available for all employees that earn about 15,000 Rupees or more. Other employees who earn lower can choose to join the scheme.
There are numerous benefitsn that comes wih the PF registration. Any employee that registers for the PF scheme get numerous benefits like insurance, pension, and so many more benefits.
Employees are not allowed to open their accounts. Only employers are allowed to do this.
Employees are expected to donate about 12% of their salary on a regular basis. This is supported with a contribution from the employers.
In India, the minimum PF contribution for male employees is 10%. Female employees make a minimum contribution of 8%.
The PF registration is needed as a way to provide retired benefits for employees later on life. This means that all employees have funds to rely on when they resign.