REGISTRATIONS

Employee’s Provident Fund (EPF) Registration - An Overview

The Employees & Provident Funds and Miscellaneous Provisions Act, 1952 governs the Employees& Provident Fund (EPF). It is governed by the Employees & Provident Fund Organisation (EPFO) (EPFO). Even though they employ fewer than 20 people, PF registration is required for all establishments that employ 20 or more people, subject to certain circumstances and exemptions. An employee must contribute a specified amount to the EPF plan, and the employer must also contribute an equal amount. On retirement or resignation, the employee receives a total amount, comprising both his and her own and the employer & contributions, plus interest.

PROCESS

The first step in logging in to the EPFO portal is the activation of UAN. This
can be easily done on the EPFO portal.
After UAN Login, the following activities can be done:

You can download the UAN Card and passbook
View the status of PF linking
View member IDs
View the status of PF transfer claim
Edit personal details on the EPFO portal
Update KYC information

An employee can login to the EPF member portal using his/her UAN and
password. Employers can also login to the website using the permanent login ID
and password.

Documents you Have to Attach with PF joint declaration

Document proof with the reason for exit
For the change in date of birth, you have to submit your school certificate,
mark sheet Birth certificate or passport
For name change, attach documents which have your name on it
In case of Date of Joining or Date of Leaving, you have to submit your
joining letter or leaving letter
All documents that are verified must be attached with the EPF joint
declaration form and signed.

Benefits of EPF

Given below are the benefits of the EPF scheme:
It aids in long-term financial planning.
There is no need to invest in a single, lump-sum amount. Employees & salaries are deducted on a regular basis, which allows them to save a significant amount of money over time.
It may be able to assist an employee financially in the event of an emergency.
It aids in the saving of money for retirement and the maintenance of a healthy lifestyle.

FAQs

No, the employers cannot reduce their share of EPF contribution.

How is EPF contribution calculated if the employee is paid on a daily or partly basis?

The contribution amount is calculated by the salary that is paid in a calendar month.

Is it possible for the employee to contribute towards EPF after he/she quits the job?

No, it is not possible for an employee to contribute towards EPF if he/she has left the service.

Whom should the employee approach if he/she is not given PF membership?

The employee must approach the employer first. If not provided by the employer, he/she can approach the Regional Provident Fund Commissioner of the PF office.

Is there any age restriction for an employee to become a member of EPF?

No, there is no age restriction for an employee to become a member of the Provident Fund. However, if the employee has already crossed the age of 58 years, he/she cannot become a member of the Pension Fund.

Can an apprentice become a member of the EPF?

No, an apprentice cannot become a member of the EPF, but he/she must enroll for EPF as soon as they stop being an apprentice.

Can an employee join EPF directly?

No, an employee cannot join EPF directly. He/she must work for an organisation that is covered under the EPF & MF Act, 1952.

Can an employee opt out of EPF?

No, an eligible member cannot opt out of EPF.

How is the PF amount recovered from defaulting members?

The PF amount is recovered from employers in a variety of ways, including prosecution under Section 14 of the EPF & MP Act, 1952, realisation of dues from debtors, attachments of bank accounts, attachment and sale of properties, and detention and arrest of the employer.