EPF registration in Banka is an online process whereby eligible employer can take EPF registration by fulfilling the terms and conditions as stipulated by the act. Employee provident fund scheme is regulated by EPFO and was introduced to provide the benefit of the Provident fund Scheme to large number of employees. This Plan is administered by the central dispensation for the welfare and help of the workers.
Who are required to accept EPF Registration in Banka?
Establishment employing 10 or more workers drawing salary less than Rs.21,000 per month.
Who can affirmation the plus of pension scheme under EPFO?
A person who has completed the age of 58 years and has after that completed 10 years of encourage without any withdrawals can claim benefit of EPF Pension Scheme.
What is amount is to be deposited by the employer towards the EPF contribution of the employee?
In raid of EPF Employer Contribution shall be 12% of the basic salary help dearness allowances. Employee Contribution shall as well as be 12%.
Major serve of EPF Scheme for employees:
- Insurance plus upto Rs. 6 lakh to the family enthusiast of deceased.
- Life long pension help if the employee has contributed for a continuous get older of 10 years.
- Interest is plus earned on the amount deposited in EPF account and such amount is tax free.
- EPF amount can be withdrawn for the point of construction/repair of house, illness and additional personal requirements.
DOCUMENTS REQUIRED FOR EPF REGISTRATION OF EMPLOYERS:
- Copy of Pan Card of Proprietor/Partner/Director/Trustee/Karta/Member/Authorised signatory
- Copy of Aadhaar Card/Voter Id/Driving License/Passport of Proprietor/Partner/Director/Trustee/Karta/Member/Authorised signatory
- 2 Passport size photograpgh of Proprietor/Partner/Director/Trustee/Karta/Member/Authorised signatory
- Copy of Registration/Incorporation Certificate of Firm/Company/Trust/NGO/AOP
- Copy of MOA and AOA/Bye laws/Deed of Partnership firm/Company/Trust/NGO/AOP
- Copy of pan card of Partnership firm/Company/Trust/NGO/AOP
- Copy of Cancelled cheque of Firm/Company/Trust/NGO/AOP
- Copy of EPF Signature Card
- Copy of EPF consent agreement
- Digital Signature of Proprietor/Partner/Director/Trustee/Karta/Member/Authorised signatory
- Email ID and Phone Number of Proprietor/Partner/Director/Trustee/Karta/Member/Authorised signatory
What are the informations of Employees required for EPF Registration in Banka?
- Name, Father’s Name and Nominee Details
- Aadhar Card and Bank Account Details
- Date of Birth and date of Joining
- Salary Details
- Complete Postal Address
What if an inauguration fails to register itself under EPF after becoming held responsible for registration?
If any Employer knowingly contravenes the provisions connected to registration under EPF the he shall be punishable following imprisonment for a period which may extend upto 1 year or with Good of Rs. 5000/- or both.
Penalty for delay assent of EPF Contribution
If an employer fails to concede the contribution on time after that he shall be answerable to pay interest on the amount at taking into account rates
| PERIOD OF DELAY | RATE OF INTEREST PER ANNUM |
| < 2 months | 17% |
| 2-4 months | 22% |
| 4-6 months | 27% |
| 6 months and above | 37% |
What is the grow old required to take EPF Registration in Banka and what is the process of applying for EPF registration?
EPF Registration process is online. All documents are required to be digitally signed by the employer and to be uploaded upon the EPF portal.
The Registration process may accept 2-4 working days.
Does the provisions of EPF applies to Casual or Temporary workers?
No, the provisions of this exploit applies by yourself to employees on roll past the organization.
Contact us at +91-8540078000, +91-8540085000, +91-8540099000
Email us at: info@meerad.in