Criteria for Employer to get registered in Employees' Provident Fund and Miscellaneous Provisions Act.

Organizations with 20 or more employees are required by law to register for the EPF scheme, while those with fewer than 20 employees can also register voluntarily. It is mandatory to open an EPF account by employees who draws more than 15000 of rupees or more as salary per month.

PF Calculation

Provident fund which is one of the employee benefits is deducted from employee’s salary @12% of basic +DA & @12% is also contributed by the employer to his PF Account. Out of the 12% of employers contribution, 8.33% goes to pension fund up to limit of Rupees 1250/- & balance is contributed to PF account.

Documents required for PF registration

The list of documents required for PF and ESI registration is given below:

1. Name of the company.
2. Date of the setup of the organization.
3. Scanned copy of the company’s PAN (Proprietor’s, in case of proprietorship concern).
4. Scanned copy of the licenses available in the name of the company. (Like GST).
5. Scanned copy of cheque of company’s bank account.
6. Address of the company with address proof.
7. List of Directors / Partners.
8. Address proof of Proprietor / Director / Partner of the company.
9. Email address, Mobile number of Proprietor / Director / Partner of the company.
10. Copy of First sale bill / Job work bill and First purchase bill.
11. The monthly strength of employees from the date of setup.
12. Current list of employees with their details:
1. Name
2. Father’s Name
3. Date of joining
4. Date of birth
5. Mobile number
6. Postal address
7. Name of nominee
8. Grade
9. Salary
10. Designation
11. ID proof (Aadhaar and PAN)
12. Bank A/c number with IFSC code
13. Digital Signature of the Proprietor / Director / Partner