EPF registration in Saharsa 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 help of the Provident fund Scheme to large number of employees. This Plan is administered by the central doling out for the welfare and improvement of the workers.
Who are required to accept EPF Registration in Saharsa?
Establishment employing 10 or more workers drawing salary less than Rs.21,000 per month.
Who can affirmation the lead of pension scheme under EPFO?
A person who has completed the age of 58 years and has afterward completed 10 years of sustain 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 proceedings of EPF Employer Contribution shall be 12% of the basic salary benefit dearness allowances. Employee Contribution shall next be 12%.
Major serve of EPF Scheme for employees:
- Insurance improvement upto Rs. 6 lakh to the family supporter of deceased.
- Life long pension improvement if the employee has contributed for a continuous epoch of 10 years.
- Interest is as a consequence earned upon the amount deposited in EPF account and such amount is tax free.
- EPF amount can be withdrawn for the goal of construction/repair of house, illness and extra personal requirements.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 Saharsa?
- 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 initiation fails to register itself under EPF after becoming held responsible for registration?
If any Employer knowingly contravenes the provisions linked to registration below EPF the he shall be punishable when imprisonment for a grow old which may extend upto 1 year or with Good of Rs. 5000/- or both.
Penalty for delay submission of EPF Contribution
If an employer fails to accept the contribution on time then he shall be answerable to pay interest upon the amount at gone 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 Saharsa 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 take 2-4 keen days.
Does the provisions of EPF applies to Casual or Temporary workers?
No, the provisions of this charge applies unaided to employees upon roll similar to the organization.
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