EPF registration in Sasaram 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 pay for the plus of the Provident fund Scheme to large number of employees. This scheme is administered by the central management for the welfare and help of the workers.
Who are required to take EPF Registration in Sasaram?
Establishment employing 10 or more workers drawing salary less than Rs.21,000 per month.
Who can affirmation the gain of pension Plan under EPFO?
A person who has completed the age of 58 years and has next completed 10 years of give support to 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 conflict of EPF Employer Contribution shall be 12% of the basic salary pro dearness allowances. Employee Contribution shall afterward be 12%.
Major give support to of EPF Scheme for employees:
- Insurance pro upto Rs. 6 lakh to the family member of deceased.
- Life long pension plus if the employee has contributed for a continuous mature of 10 years.
- Interest is moreover earned on the amount deposited in EPF account and such amount is tax free.
- EPF amount can be withdrawn for the endeavor of construction/repair of house, illness and supplementary personal requirements.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 Sasaram?
- 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 instigation fails to register itself under EPF after becoming responsible for registration?
If any Employer knowingly contravenes the provisions similar to registration under EPF the he shall be punishable bearing in mind imprisonment for a era which may extend upto 1 year or with fine of Rs. 5000/- or both.
Penalty for delay assent of EPF Contribution
If an employer fails to yield the contribution on time then he shall be responsible to pay interest on the amount at past 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 epoch required to accept EPF Registration in Sasaram 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 in force days.
Does the provisions of EPF applies to Casual or Temporary workers?
No, the provisions of this proceedings applies isolated to employees upon roll once the organization.
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