Employee Provident Fund Registration Online

Here’s What You’ll Need

Need the easiest way to register EPF online for employers? Then choose Zolvit! To guarantee that your documents are always secure, Zolvit implements the best security protocols available in the market.

• PAN card of the establishment
• Certificate of incorporation
• Cross cancelled cheque of establishment
• Address proof that is in the name of the establishment. It can be:
• Rent agreement
• Water
• Electricity
• Telephone bill

Did you know?

Employees' Provident Fund (EPF) deposits will now earn 8.1 percent interest for the years 2021–2022, down from 8.5 percent the year before. The EPFO has not specified a deadline for e-nomination submission and advance claim submission is not required.

Overview

Employees' Provident Fund is a type of social security that enables workers to set aside a small amount of their pay for future benefits. Every business is required to provide its workers with an EPF, or Employees Provident Fund, which is equivalent to a retirement fund. A 1952 law called the Employees' Provident Funds and Miscellaneous Provisions Act governs EPF. For firms with a total employee strength of more than 20, EPF registration is required. These employers have the option to register their PFs online through Zolvit.

Benefits of EPF Registration

• Tax Benefits are been offered:

  Tax exemption is available for the interest rate that is earned on the EPF account. The income tax act's Section 80C grants this flexibility. Also, unless the employee willingly chooses to leave the position or end his or her stay, even several transactions from the EPF account will not trigger taxes for five years. There are no tax obligations associated with any contributions made to the EPF account.

• Post-retirement pension with no hassles:

  Finding money when you're 50 or 60 can be a difficult chore. Thanks to PF, the Employee Pension Scheme can guarantee a lifetime pension. Although EPF discourages immediate financial gains, it will make sure you have access to funds when you most need them. The steady accumulation of assets for pensions would give them a solid financial foundation for their post-retirement period of life. EPF Registration has essentially endless benefits.

• Funds for crisis management:

  The financial crisis could creep up anytime and squeeze out every bit of your savings. Thanks to the EPF account, that can act as an alternative source of funds to cater to fiscal obligations under the state of crisis. Whether you need to deposit an urgent medical bill or cater to education expenses, your PF is nothing short of a savior in the demanding situation.

• Simple transferability:

  The employees' PF accounts could be accessed online through the EPF site using the Universal Account Number (UAN) at their disposal. This would enable them to organise their EPF account during their employment with many employees.

• Cater urgent requirement:

  People from the service class had a hard difficulty getting money under difficult circumstances. Employers are permitted to withdraw up to 50% of their contributions from their PF account to cover ostensible expenses like weddings and education. These advantages, though, are only available to people who have worked as an employer for at least seven years under the Provident Fund Ac and can only be used three times. Additionally, employers must provide the appropriate documentation to the authority in order to claim such a withdrawal.

Checklist for EPF Registration

The following requirements must be met by an organisation in order to qualify for PF Registration:

• A factory with 20 or more workers on staff overall
• An organisation with more than 20 employees
• The class of such enterprises is thus defined by the Central Government
• An organisation with less than 20 employees that has been aware of the requirement to register for at least two months
• Businesses with less than 20 workers
• To submit an application for PF to the Central PF Commissioner, both the employer and the employees of an establishment must consent. As of the agreement's date, a notification must be sent to the Official Gazette
• Every employee is qualified for PF as soon as he starts working
• The employer is in charge of PF contribution and deduction.

Process for EPF Registration

• Step 1: Reach out to Zolvit for registration

  All you have to do is get in touch with our experts from Zolvit. You can reach out to us through our website. Zolvit helps you to take it through the EPFO website.

• Step 2: Give the required information and documents, and Zolvit helps you sign up with USSP.

  The USSP (Unified Shram Suvidha Portal) registration page can be accessed by clicking the 'Establishment Registration' button on the EPFO website's home page. The 'Sign Up' button needs to be clicked by the employer. The employer must provide their Name, Email, Mobile Number, and Verification Code on the next page before clicking the 'Sign Up' button to set up an account. Share the details with Zolvit to go through the process.

• Step 3: Fill out the registration form

  The employer must log into the USSP after creating an account on the UUSP and choose the ‘Registration For EPFO-ESIC’ button that is located on the left side of the screen. Afterward, click the ‘Apply for New Registration’ button on the screen's right side. The ‘Employees' State Insurance Act, 1948’ and ‘Employees' Provident Fund and Miscellaneous Provision Act, 1952’ will both be available. Selecting the ‘Employees' Provident Fund and Miscellaneous Provision Act, 1952’ and pressing the Submit button are both required by the employer.

• Step 4: Attach the DSC

  The employer's Digital Signature Certificate (DSC) must be uploaded and connected to the ‘Registration Form for EPFO’ after it has been fully filled out and the necessary documents have been attached. As once an employer's DSC has indeed been uploaded, the employer would receive emails from Unified Shram Suvidha Platform confirming the completion of the EPFO registration as well as a note stating that the registration form was successfully completed.

How Can We Assist With Online EPF Registration?

The Provident Fund can grant employees a sense of financial security, which can be a tremendous source of support, safety, and comfort. It is governed by the Employees' Provident Fund Organisation (EPFO), one of India's most recognisable and significant social security organisations. Every day, they manage enormous volumes of financial transactions. If you've an expert by your side to assist you, applying for the provident fund is also not a tough undertaking. Zolvit promises that you won't have to deal with the complicated legal requirements associated with applying for PF. Our professionals accurately fill out the forms and promptly submit them once we have the necessary data and supporting documentation. In order to get you the PF number as soon as possible, our team assumes responsibility for follow-ups.