PF Registration Service in Bangalore

 PF Registration

Eligibility for EPF Registration for Indian employers

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

• • A factory that has 20 or more people.
  • 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.
  • The employer and the employees of an establishment mutually agree to apply for PF to the Central PF Commissioner. A notice has to be sent to the Official Gazette from the date of the agreement.
  • An establishment can also opt for voluntary registration if the employee count is less than 20. 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.

Benefits of PF Registration Online

Pension Coverage

Besides the contribution of the employee to EPF, the employer adds an equal amount which is inclusive of Employee Pension Scheme (EPS). Therefore, EPF saves you a robust pension.

Cover of Risk

In case of instances like illness, demise or retirement, Provident Fund helps the dependents of the employee by covering the financial risks they face in such situations.

Single Account

The PF account can be transferred while switching employments. It can be carried forward instead of being closed down. This uniformity ensures that the rate of return is compounded over the years.

Emergency Fund

Emergencies are bound to happen at any point of time in life. EPF amount can be of great help during mishaps, illnesses, weddings, and educational expenses.

Employee deposit linked insurance scheme

Any person who has PF account is eligible for this insurance scheme that requires only 0.5 % of the salary deduction as premium.

Extended Goals

The PF account can be extremely helpful for long-term goals like buying a property or setting up a fund for children.

How do we help with PF Registration Online?

The Provident Fund can be a great support, safety, and assurance for employees as it offers a sense of financial security to the employees. It is regulated by the Employees’ Provident Fund Organization (EPFO), which is also one of the most well known and biggest Social Security Organisation in India. They handle huge amounts of financial transactions on a daily basis. The process of applying for the provident fund is also not a difficult task as long as you have a professional to help you sort things out.

At SLG Prof Sol search, we guarantee that you do not have to go through the legal complexities of registering for PF. Once we get the required information and the documents, our experts fill the forms accurately and submit them on time. Our team takes the responsibility of follow-ups and deliver you the PF number at the earliest time as possible.

Documents required for PF Registration

Any business that wishes to apply for PF needs to submit the following documents:

• PAN card of establishment
• Certificate of incorporation
• Cross canceled cheque of establishment
• Specimen signature of directors and authorized signatories
• The digital signature of the authorized applicant
• In case of voluntary registration, consent of the majority of employees
• Address proof that is in the name of the establishment. It can be:

1. Rent agreement   2. Water   3. Electricity   4. Telephone bill

In some entities the underlying may also be needed:

• First sale bill
• First purchase bill of raw material and machinery
• GST Registration Certificate
• Bankers details
• Record of a monthly employee strength
• Register of salary and wages

You just need to collect the necessary documents and send a copy of each document to us. The rest will be handled by the efficient team at SLG Professional Solutions. From filing the form to verification processes and legal formalities, we handle it all!