Provident fund or employee provident fund is another name for a pension fund that is governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. Its purpose is to provide employees with lump-sum payments at the time of exit from their place of employment. The Employees’ Provident Fund Organization (EPFO) is the government body corporate that regulates the law and the scheme of EPF.
Provident fund registration is mandatory for all the establishments having 20 or more employees. An establishment having less than 20 employees can register themselves voluntarily under the Act.
1. EPF Registration offers tax benefits
2. Hassle-free pension for post-retirement
3. Funds for crisis management
4. Easy transferability
5. Cater urgent requirement
1. PAN of the Partner, Proprietor, or the Director
2. Address proof (can be any utility bill but should not be older than 2 months)
3. Aadhar card of Proprietor, Partner, or Director.
4. Cancelled Cheque or Bank Statement
5. Digital Signature of the Proprietor/ Partner or Director.
6. Hired/ Rented or Leased Agreement If there is any.
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