EPF registration in Motihari 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 Plan is regulated by EPFO and was introduced to give the benefit 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 accept EPF Registration in Motihari?
Establishment employing 10 or more workers drawing salary less than Rs.21,000 per month.
Who can claim the plus of pension scheme under EPFO?
A person who has completed the age of 58 years and has with completed 10 years of serve without any withdrawals can affirmation 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 plus dearness allowances. Employee Contribution shall moreover be 12%.
Major advance of EPF Scheme for employees:
- Insurance plus upto Rs. 6 lakh to the family supporter of deceased.
- Life long pension benefit 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- EPF amount can be withdrawn for the mean of construction/repair of house, illness and supplementary personal requirements.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 Motihari?
- 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 linked to registration below EPF the he shall be punishable gone imprisonment for a grow old which may extend upto 1 year or with fine of Rs. 5000/- or both.
Penalty for delay agreement of EPF Contribution
If an employer fails to go along with the contribution upon time then he shall be held responsible to pay interest on the amount at bearing in mind 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 Motihari 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 action days.
Does the provisions of EPF applies to Casual or Temporary workers?
No, the provisions of this proceedings applies solitary to employees on roll in the ventilate of the organization.
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