The Provident Fund (PF) is the Social Security Scheme, which helps the employees to saves a small amount of money from their salary for their future advantages.
The Provident Fund (PF) is the Social Security Scheme, which helps the employees to saves a small amount of money from their salary for their future advantages. PF is the incidentally or a retirement fund for all the employees. Each & every company has to offer the PF amount to its employees an EPF, which stands for the Employees Provident Fund. It is also similar to the retirement fund.
An Online PF registration will simply be done by providing the mandatory documents for the Business & employees to our Next Level Audit Team. EPF comes under the attention of the Employees Provident Fund & Miscellaneous Provisions Act. 1952. The organization has the total number of employees above 20 when the EPF registration is compulsory. Like that employers can opt for online PF registration. Employer Provident Fund (EPF) registration for companies in three steps. • Consultation & Form filing free • For the data validation connect with a dedicated affiliate. • PF number receipt
The organization or company should fulfill the criteria given below, should meet the eligibility for PF registration. • The organization should have the number of employees above 20. • An institution, that employs more than 20 persons, where the Central Government defines the types of classes of such firms. • An establishment that has below 20 employees & has been announced of registration is mandatory, 2 months after starting the organization. • Companies with below 20 workers (Such companies should send the notice to the Employees, Provident Fund Organization in 2 months or below than that) • The Employer & employees of an establishment must mutually agree to apply for Provident Fund (PF) to the central PF Commissioner. An Appraising has to be sent to the official Gazette from the agreement date. Each & Every employee is eligible to get the PF from the starting of the employment. The PF contribution & reduction is fully responsible for the employers.
If you want to apply for PF registration, you should submit the below mentioned required documents.
Address proof of the name of the establishment, given below.
Some Firms should also require the below documents,
The Provident Fund is very useful for all the Employees, in that safety, assurance as it offers a sense of financial security to the employees. This PF is managed by the Employees Provident Fund Organization (EPFO). It is the biggest social security organization in India. On a daily basis, EPFO was done the number of financial transactions in India. The EPF application process is not a hard thing, you can get it easily. At Next Level Audit, we assure you that, you didn't hang out on any legal complexities in the whole process. Our team members will manage it, after providing all the details & required documents. We will fill the Provident Fund form accurately according to your details. Then our team update the status of PF & provide you the PF number earlier.
• Collect employee details & documents • Establishment registered with EPFO • Employer registered DSC (Digital Signature Certificate) • Fill the application with all details of an employer • Submit verified form • Get PF registration certificate & Universal Account Number (UAN) Within 5 to 10 working days, you can get the PF number with the help of our experts, who will advise you with the whole process of PF registration. Then our experienced staff will submit the application form to the organization in the prescribed manner without any error. We will do it in the minimum economical prices. The EPFO members will be able to keep a tab of the UAN status using online methods. You have to provide the EPF number & select your state. Then you will automatically get the UAN status. All the persons will activate the UAN if you require for all the direct/online facilities given by the Employee Provident Fund.
Apart from the contribution of the employee to EPF, The organization employer adds the same amount which is inclusive of EPS (Employee Pension Scheme). So, EPF saves you a vigorous pension.
In case of some situation such as illness, retirement or demise, provident Fund helps the employee in the financial risk.
If someone is leaving the job, his EPF account will transfer to the new employee. Universal Account Number (UAN) linked to the Aadhaar will have the facility for linking the previous Accounts. That particular account can be carried to the new employer instead of closing the account. This similarity sure that the return rate is compounded over the year.
Emergencies happen at any point of time in life. While the Mishaps, illnesses, weddings and educational expenses, the EPF amount made the major role. You can claim the EPF online.
The person who has the EPF account can eligible to join the Insurance Scheme, in that his/her salary of the 0.5% only reduced from their accounts for the premium.
The Provident Fund (PF) account will useful for the extended time/goal, such as buying a property, Made savings for the children's education.
By checking the EPF balance, the person, who has registered the UAN portal can get the details of the Employee Provident Fund Organization (EPFO) and give a missed call to 011-22901406 from the registered mobile number. If the UAN members are linked with the EPF account number, PAN card or Aadhaar number, then easily get the PF balance & previous details By using the activated members of the UAN can get to know their previous details of the EPFO balance & PF contribution by sending the SMS to the number 7738299899 from your registered mobile.
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