Provident Fund Registration Services
An SSI, or Small Scale Industry Registration, is an official endorsement from the Ministry of Micro, Small, and Medium Enterprises. Upon obtaining an SSI registration, a business gains access to specific government initiatives and incentives tailored for small enterprises.
- The Employees' Provident Fund serves as a safety net, enabling workers to set aside a fraction of their earnings for future advantages.
- Under the Employees’ Provident Funds and Miscellaneous Provisions Act of 1952, businesses are obligated to provide an EPF (Employees Provident Fund) to their workforce, functioning as a retirement savings avenue. Companies with a headcount exceeding 20 employees must undergo EPF registration.
- Payment: 15th of every month
- Returns: May 25th of every month
- These were the documents filed by the company. The employee has to submit two copies of the family photo.
- For PF Registration eligibility, organizations must meet the subsequent conditions:
- A factory employing a workforce of 20 or more individuals.
- An establishment with a staff count exceeding 20 individuals, as categorized by the Central Government.
- Organizations with fewer than 20 employees must undergo mandatory registration if notified for a period of at least two months.
- Businesses employing under 20 workers should notify the Employees’ Provident Fund Organization within a 2-month timeframe.
- The employer and employees of an entity must jointly consent to PF registration, followed by an official notification in the Gazette from the agreement date.
- Employees are entitled to PF benefits from the onset of their employment. It's the employer's duty to manage PF contributions and deductions.
Benefits of Pension Coverage
- By contributing to EPF, an employee gains a substantial pension, as the employer matches this contribution, encompassing the Employee Pension Scheme (EPS).
Risk Protection
- Provident Fund provides financial security during challenging times such as illness, loss, or retirement, safeguarding the employee's dependents.
Unified EPF Account
- Facilitate easy PF transfers when changing jobs. The Universal Account Number (UAN), linked with Aadhar, streamlines account linking, allowing the continuity and compounding of returns.
Financial Safety Net
- EPF funds serve as a crucial resource during unforeseen circumstances, including emergencies, health issues, or significant life events like weddings or education expenses, with online claim facilities available.
Employee Deposit Linked Insurance
- Individuals with a PF account qualify for this insurance scheme, with only a minimal 0.5% salary deduction as the premium.
Long-Term Financial Planning
- Utilize the PF account to achieve enduring objectives, such as real estate investments or securing a future for children.
Accessing EPF Balance Details
- Members can effortlessly check their PF details by giving a missed call to 011-22901406 from their registered number if linked with UAN, bank account, PAN, or Aadhar.
- Establishment's PAN Card
- Incorporation Certificate
- Verified cheque from the establishment
Address Verification in the establishment's name can include:
- Lease Agreement
- Utility Bills (Water, Electricity, Telephone)
- Director and Authorized Signatory Signature Samples
- Authorized Applicant's Digital Signature
- For voluntary registration: Majority Employee Consent
Additional documentation may be required based on the entity type:
- Initial Sales Invoice
- First Purchase Receipts for materials and equipment
- GST Registration Document
- Banking Information
- Monthly Employee Count Record