Provident Fund

    - Applicable for organizations having 20 or more employees
    - Get PF Registration done at just Rs 2,999/-
    - Within 3-4 working days.

Register

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Documents Cost Process FAQs

Provident Fund

Provident fund is a type of scheme where the salary of a monthly salaried is kept for pension person which only includes a small chunk of the salary for the purpose of giving it out at the end of the employment status of that set person in the given establishment. The Provident fund is established by Employees Provident Fund Organization (EPFO). PF registration is mandatory for organization where the employees count is more than 20 members, and the employees with salary less than Rs 15000/-have to mandatorily member of EPFO. The fraction of salary goes into the savings of the each individual which would be awarded during the retirement of the employee from the given place of work. Employees’ Provident Fund and Miscellaneous Provisions Act 1952 is applicable to: Every establishment which is engaged in any one or more of the industries specified in Schedule I of the Act or any activity notified by Central Government in the Official Gazette. The individual can check its PF balance online and can withdraw it according to the PF withdraw rules. At Unilex Consultants we provide you a hassle free provident fund registration process which would be dealt by our professionals within a time frame of 3-4 working days. Our team takes care of the documentation and aids in provide you the realistic estimation of cost.

Advantages of PF Registration

MEDICAL BENEFITS

The employee can withdraw six times his or her worth salary or the entire PF amount based on whichever is lesser at that point of time, and the thus taken funds can be used for personal or blood relationship medical needs.

SECURITY

The PF process is totally taken care by the Employees Provident Fund Organization of India which provides a peace of mind and is secure in nature.

INSURANCE BENEFITS

As per Employee Deposit Linked Insurance scheme, in any organization where group insurance scheme is not available to the employees, the organization has to contribute 5% of monthly basic pay as premium for the life insurance cover.

NOMINATION

The employee can avail nomination benefits and the funds can be available to the nominee in case of any unfortunate event happening to the person who is enrolled for the PF scheme.

TAXATION BENEFITS

The employer contribution is exempt from tax and employee’s contribution is taxable but eligible for deduction under section 80C of Income tax Act.

TAX FREE INTEREST

There is a tax free interest (Compound) and maturity provides a great value added to the Provident Funds

Documentation for PF Registration

Copy Of PAN

Mobile Number & Email Id:

Digital Signature in the name of Employer

Address Proof of Registered office of the Company

Any License or certificate issued by government Authority

Proof of setup of Establishment

Details of Employees including Name, Address, Date of Joining, Age, gender, mobile no. etc.

Consent letter of majority of Employees

Packages



Note:


Process involved in registering a Provident Fund

1

Create Login ID

1 Working Day

2

Proceed For Registration

1 Working Day

3

Document Submission

Same Day

FAQs About PF Registration

What companies are eligible ?
Any company belonging to any sector out of the box is eligible if they have an employee count of over 20.
What will be average time of registration ?
The registration would take anywhere between 4-5 day depending on the working schedule of the government.
How are the contributions made? And by whom ?
8.33% of the employee’s basic to the Employees’ Pension Fund Scheme 3.67% of the employee’s basic to Employees’ Provident Fund Scheme 0.5% of the employee’s basic to EDLI
Can I make voluntary contribution to the PF? What is the benefit of it?
As an employee, you can contribute voluntarily over and above the stipulated rate of contribution. However, the contribution to VPF will have to be a fixed % of wages and not a fixed amount. Once an employee decides to contribute a certain percentage to his PF account, he must continue to do so till end of the financial year. The Employer does not have to make a matching contribution.
Whether member can edit his details i.e.father’s name, relationship, date of birth, date of joining, date of exit as available in the EPFO database?
No, the member cannot edit his details i.e. father’s name, relationship, date of birth, date of joining, date of exit as available in the EPFO database.

Why choose Unilex?

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