EPF Registration

Employee Provident Fund

Employee Provident Fund (EPF) is one of the main platforms of savings in India for nearly all people working in Private sector Organizations. The main aim of the EPF scheme is to promote retirement savings for employees across India. The Employees' Provident Fund (EPF) is a corpus of funds built through regular, monthly, contributions made by an employee and his/her employer. The amount contributed to the fund is based on a fixed rate. Employees earn interest on their EPF balances. Both, the interest earned and the total amount withdrawn at maturity are tax-free, making this one of the most popular forms of long-term retirement savings among the working population in India. Besides retirement, funds accumulated in an employee's EPF account can also be used at time of resignation or death.

Companies eligible for EPF

  • An Employer has equal to or more than 20 employees
  • EPFO increased the wage ceiling on PF eligibility from Rs.6500 to Rs.15,000 due to salary revisions in both organized and unorganized sector. At present, any employee whose income is above Rs.15,000 is eligible to enroll for EPF scheme.
  • Employer shall deposit both employees' and employers' contribution as per specified rates 15th of every month.