Overview of Employees Provident Fund (EPF) Registration

EPF (Employee Provident Fund) is mandatory for companies with 20 or more employees, offering a retirement fund similar to a savings plan. Employers failing to register for EPF or misrepresenting facts face penalties. Employers with fewer than 20 employees may voluntarily apply for PF registration.

Under the EPF scheme, each employee's contribution is 24% of their salary, split equally between employee and employer contributions (12% each). For entities with less than 20 employees opting for PF voluntarily, the employer's contribution is also 12% of the employee's basic salary. EPF registration ensures employee financial security and legal compliance for employers.

Frequently asked questions

What is a universal Account Number?

Your Universal Account Number (UAN) is a unique 12-digit identifier assigned to employees, maintaining a comprehensive record of PF deposits and related details throughout your employment and post-retirement. This number is accessible through your employer's EPF registration code, ensuring seamless fund management and continuity.

Who applies for the Universal Account Number of the employee?

Employers can generate employees' Universal Account Numbers (UAN). When changing jobs, employees can link their existing PF UAN number to their new employer, avoiding the need for a new EPF UAN registration. This streamlined process ensures continuity and simplifies PF management across job transitions.

What if the employer forgets the User ID/ Password for logging into the portal?

If an employer forgets their user ID or password for the EPF portal, they can easily reset it by clicking on the "Forgot Password" link on the login screen. To reset the password, the employer will need to provide the establishment ID, primary email ID, and mobile number associated with the account. This ensures a straightforward method for password recovery and access restoration to the EPF portal.

If an employer or authorized signatory has multiple establishments, should he obtain registrations for all the establishments?

Registration is mandatory for establishments with more than 20 employees. This ensures compliance with EPF regulations and benefits for employees.