EPF registration in Bokaro 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 come happening with the child maintenance for the help of the Provident fund Scheme to large number of employees. This scheme is administered by the central giving out for the welfare and gain of the workers.
Who are required to take EPF Registration in Bokaro?
Establishment employing 10 or more workers drawing salary less than Rs.21,000 per month.
Who can allegation the pro of pension Plan under EPFO?
A person who has completed the age of 58 years and has moreover completed 10 years of further 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 feat of EPF Employer Contribution shall be 12% of the basic salary help dearness allowances. Employee Contribution shall with be 12%.
Major foster of EPF Scheme for employees:
- Insurance improvement upto Rs. 6 lakh to the family enthusiast of deceased.
- Life long pension pro if the employee has contributed for a continuous grow old of 10 years.
- Interest is also earned on the amount deposited in EPF account and such amount is tax free.
- EPF amount can be withdrawn for the strive for of construction/repair of house, illness and new personal requirements.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 Bokaro?
- 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 below EPF after becoming responsible for registration?
If any Employer knowingly contravenes the provisions associated to registration under EPF the he shall be punishable considering imprisonment for a grow old which may extend upto 1 year or with Good of Rs. 5000/- or both.
Penalty for delay acceptance of EPF Contribution
If an employer fails to submit the contribution upon time next he shall be liable to pay interest upon the amount at behind 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 get older required to accept EPF Registration in Bokaro 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 operating days.
Does the provisions of EPF applies to Casual or Temporary workers?
No, the provisions of this court case applies abandoned to employees on roll following the organization.
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