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Employees' Provident Fund (EPF) is a scheme introduced by the Government of India to provide financial security to employees working in various sectors. It is a retirement benefit scheme under which both the employer and the employee contribute a fixed amount towards the employee's retirement corpus. The EPF scheme is managed by the Employees' Provident Fund Organisation (EPFO), which is a statutory body established by the Ministry of Labour and Employment, Government of India. Every establishment with 20 or more employees is required to register for EPF.
The employer needs to register with the EPFO by visiting the EPFO website and filling in the required details
.After the employer registration, the employer needs to register the employees for EPF by providing their basic details, such as name, date of birth, and Aadhaar number.
.The employer needs to make monthly contributions towards EPF for each employee. The contribution is a fixed percentage of the employee's salary.
.The employer needs to file monthly EPF returns with the EPFO. The returns contain details such as the total number of employees, their EPF contributions, and the interest earned on the corpus.
.The employer should have at least 20 employees.
The employer should have a valid PAN card.
The employer and employee should have a valid Aadhaar card.
The employer should have a bank account for making EPF contributions
EPF account number for each employee
Monthly EPF contribution statement
EPF annual returns
EPF withdrawal and transfer facilities
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