PF Compliance

Compliance Services

PF Compliance

Plans

Starter
1499 /Month
Buy Plan

  • No of employess in your organisation
    Up to 30 Employees
  • Services included
  • Monthly Generation of ECR and Filing of the PF returns -
  • Updating Employee KYC & Registration of New Employees -
  • Processing transfer claims and requests of employees -
  • Reconciliation and Audit Support -
  • Liaison and Representation with the Government during Assessment and Scrutiny’s -
  • Cancellation of PF registration -
  • Legal briefs & Regular consultation -

Basic
3499 /Month
Buy Plan

  • No of employess in your organisation
    Up to 30 Employees
  • Services included
  • Monthly Generation of ECR and Filing of the PF returns -
  • Updating Employee KYC & Registration of New Employees -
  • Processing transfer claims and requests of employees -
  • Reconciliation and Audit Support -
  • Liaison and Representation with the Government during Assessment and Scrutiny’s -
  • Cancellation of PF registration -
  • Legal briefs & Regular consultation -

Premium
5499 /Month
Buy Plan

  • No of employess in your organisation
    30-50 Employees
  • Services included
  • Monthly Generation of ECR and Filing of the PF returns -
  • Updating Employee KYC & Registration of New Employees -
  • Processing transfer claims and requests of employees -
  • Reconciliation and Audit Support -
  • Liaison and Representation with the Government during Assessment and Scrutiny’s -
  • Cancellation of PF registration -
  • Legal briefs & Regular consultation -

Exclusive
Contact Us

  • No of employess in your organisation
    More Than 50 Employees
  • Services included
  • Monthly Generation of ECR and Filing of the PF returns -
  • Updating Employee KYC & Registration of New Employees -
  • Processing transfer claims and requests of employees -
  • Reconciliation and Audit Support -
  • Liaison and Representation with the Government during Assessment and Scrutiny’s -
  • Cancellation of PF registration -
  • Legal briefs & Regular consultation -
About PF Compliance

Employees Provident Fund is a type of retirement savings scheme wherein the employee contributes part of his monthly income towards this pension fund along with the Employer. We are providing 100% compliance on all PF related aspects ensuring error free and in time filings to save on the interest and penalties.

Applicability
  • All establishments employing 20 or more persons are mandated to get registered under the EPF and MP act 1952.
  • Establishments also can go for voluntary registration in cases where the employee count has not reached 20 persons as per the EPF and MP act 1952.
Scope
  • Monthly generation of ECR and filing of the PF returns
  • Representing clients in PF dept. hearings
  • Registration of New joiners under the establishment code
  • Updating the KYC of employees
  • Updating the establishment details in form 5A
  • Processing transfer claims and requests of employees
  • Exiting the employees
  • Cancellation of PF registration
Frequently Asked Questions

What are the benefits of registration under EPF?

For Employers

  • Attracts Talent: Employee provident fund is a type of Social Security scheme for employees. Getting registered under the same will enable the establishment to attract best available talent
  • Motivates Employees: Contributing certain proportion of money by employer on a monthly basis towards the social welfare of employee will motivate her/him to perform more and will aid in the general growth of organisation
  • Statutory Compliance: Getting registered will ensure statutory compliance and avoid unnecessary penal actions and penalties by the law enforcement agencies

For employees

  • Emergency fund: Regular contribution over a period of time will amass money which can be used for emergency medical needs, Purchase of residential property, education of children etc.
  • Pension post retirement: EPF contribution includes EPS which enables the employee receives pension post retirement. This will provide social security thus making the employee financially independent
  • Nominee advantage: In case of demise of the employee, the nominee gets the full rights of the funds accumulated

How can employer register her/his establishment under EPF?

It is the responsibility of the employer to get his/her establishment registered under EPF. Registration can be done online. PF Portal will guide with necessary inputs like address, name, KYC details of Owners/Directors etc, which has to be uploaded in the portal. Besides employer has to submit other requisite documentation along with DSC registration in the portal.

What are the documents that employer needs to submit to register under EPF?

Set my biz will send you a questionnaire along with the necessary documents that are required for registration

How much time will it take for the entire registration process to get completed?

Generation of PF registration number, LIN number, generation of UAN for individual employees and linking their existing UAN will take three days provided all the documents are ready.

What is the rate at which employer and employee needs to contribute towards PF?

Employer and employee need to contribute 12% of the salary towards the PF fund. Besides this, the employer has to bear admin. charges which is around 0.5% of the PF wages.

Is it mandatory for all the employees to join the EPF scheme?

It is mandatory for an employee to join the EPF scheme if the salary is equal or below Rs.15,000. Those employees whose pay is more than Rs. 15,000 have the option to join.

What is the due date to file the monthly PF returns?

Due date to file the PF returns falls on 15th day of succeeding month.

Can an employer go out of coverage if the employee count falls below the mandatory limit of 20?

No, once the scheme becomes applicable to the establishment it stays that way throughout the life of it despite fall in the count of employees below the mandatory count.