Service Details

Employees’ Provident Fund is a social security scheme that helps employees save a small portion of their salary for future benefits.

Every company has to offer its employees an EPF or Employees Provident Fund which is akin to a retirement fund. EPF comes under the purview of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. EPF registration is mandatory for organizations with total employee strength more than 20.

Eligibility for EPF Registration for Indian employers

To be eligible for PF Registration, an organization has to fulfill the following criteria:

• • A factory with the total employee strength of 20 or more.
  • An establishment that employs more than 20 persons. Here, the Central Government defines the class of such firms.
  • An establishment that has less than 20 workers and has been notified of compulsory registration for not less than 2 months.

Companies with less than 20 employees (Note: Such companies must issue a notice to the Employees’ Provident Fund Organization in 2 months or less than that)

• The employer and the employees of an establishment must mutually agree to apply for PF to the Central PF Commissioner. A notification has to be sent to the Official Gazette from the date of the agreement.

Every employee is eligible for PF right from the beginning of his employment. The responsibility of PF contribution and deduction is of the employer’s.