EPF registration in Kankarbagh 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 plot is regulated by EPFO and was introduced to give the plus of the Provident fund Scheme to large number of employees. This plot is administered by the central meting out for the welfare and help of the workers.
Who are required to take EPF Registration in Kankarbagh?
Establishment employing 10 or more workers drawing salary less than Rs.21,000 per month.
Who can allegation the plus of pension scheme under EPFO?
A person who has completed the age of 58 years and has also completed 10 years of facilitate 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 war of EPF Employer Contribution shall be 12% of the basic salary lead dearness allowances. Employee Contribution shall moreover be 12%.
Major assist of EPF Scheme for employees:
- Insurance pro upto Rs. 6 lakh to the family enthusiast of deceased.
- Life long pension lead if the employee has contributed for a continuous mature of 10 years.
- Interest is furthermore earned on the amount deposited in EPF account and such amount is tax free.
- EPF amount can be withdrawn for the mean of construction/repair of house, illness and new personal requirements.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 Kankarbagh?
- 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 commencement fails to register itself below EPF after becoming held responsible for registration?
If any Employer knowingly contravenes the provisions partnered to registration under EPF the he shall be punishable afterward imprisonment for a period which may extend upto 1 year or with fine of Rs. 5000/- or both.
Penalty for delay submission of EPF Contribution
If an employer fails to assent the contribution on time after that he shall be held responsible to pay interest upon the amount at next 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 Kankarbagh 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 take 2-4 working days.
Does the provisions of EPF applies to Casual or Temporary workers?
No, the provisions of this dogfight applies only to employees upon roll in the tell of the organization.
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