EPF registration in Biharsharif is an online process whereby eligible employer can accept 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 allow the benefit of the Provident fund Scheme to large number of employees. This scheme is administered by the central dealing out for the welfare and lead of the workers.
Who are required to take EPF Registration in Biharsharif?
Establishment employing 10 or more workers drawing salary less than Rs.21,000 per month.
Who can affirmation the pro of pension scheme under EPFO?
A person who has completed the age of 58 years and has furthermore completed 10 years of encouragement 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 prosecution of EPF Employer Contribution shall be 12% of the basic salary help dearness allowances. Employee Contribution shall as well as be 12%.
Major utility of EPF Scheme for employees:
- Insurance pro upto Rs. 6 lakh to the family advocate of deceased.
- Life long pension help if the employee has contributed for a continuous time 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- EPF amount can be withdrawn for the objective of construction/repair of house, illness and supplementary personal requirements.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 Biharsharif?
- 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 start fails to register itself under EPF after becoming answerable for registration?
If any Employer knowingly contravenes the provisions associated to registration under EPF the he shall be punishable with imprisonment for a mature which may extend upto 1 year or with fine of Rs. 5000/- or both.
Penalty for delay acceptance of EPF Contribution
If an employer fails to accept the contribution upon time then he shall be answerable to pay interest upon the amount at similar to 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 mature required to take EPF Registration in Biharsharif 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 on the EPF portal.
The Registration process may accept 2-4 effective days.
Does the provisions of EPF applies to Casual or Temporary workers?
No, the provisions of this feat applies without help to employees on roll like the organization.
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