What documents are required for EPF?
Documents Required For EPF Registration
- PAN Card of the Proprietor/Partner/Director.
- Proof of address such as the Electricity Bill or Water Bill or Telephone Bill of the Registered Office (not older than 2 months).
- Aadhar Card of Proprietor/Partner/Director.
Who is eligible for EPF in India?
Any salaried employee with a monthly income of less than 15,000 INR needs to compulsorily be a member of the EPF. An employee with a monthly income higher than INR 15,000 (the current prescribed limit) is eligible to become a member of the EPF if he/she gets approval from the Assistant PF Commissioner and employer.
Is PF mandatory for salary below 15000?
An interest amount based on the monthly operating balance is awarded and added to the fund at the end of the financial year. EPF deduction is mandatory for employees who draw a salary less than Rs 15,000, but others can opt-out of this scheme through a declaration made in Form 11 of EPFO.
How can I register in EPF?
How to register on EPFO Portal?
- Go to the EPFO member portal and click on the “Online Services” tab and select the “For Employees” option.
- Now click on the Member UAN/ Online Services option and you will be directed to the UAN member e-Sewa portal where you can register by clicking on the Activate UAN.
Is EPF registration mandatory?
EPF eligibility criteria 15,000 per month, it is mandatory for you to be opened an EPF account by your employer. 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. If you are drawing a salary higher than Rs.
Is EPF mandatory for employee?
According to the EPF scheme rules, it is mandatory for an employee to join the EPF scheme if his pay is less than or equal to Rs 15,000 a month.
Who is not eligible for PF?
EPF eligibility criteria If you are drawing a salary higher than Rs. 15,000 per month, you are termed a non-eligible employee and it is not mandatory for you to become a member of the EPF, although you can still register with the consent of your employer and approval from the Assistant PF Commissioner.
What is the salary limit for EPF 2020?
Rs 15,000 a month
Employees drawing less than Rs 15,000 a month have to mandatorily become members of the EPF. However, an employee who is drawing ‘pay’ above prescribed limit (currently Rs 15,000) can become a member with permission of Assistant PF Commissioner, if he and his employer agree.
Is EPF compulsory?
If you are an employer with an organization that employs 20 people or more, it is mandatory for you to register under the EPF scheme. If your organization employs less than 20 people, you can still opt to register under the scheme.
Is EPF mandatory?
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