Employee Provident Fund (EPF) is a social security scheme that enables employees to save a portion of their salary for future benefits. All companies are required to offer EPF to their employees, and the registration process falls under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. GHR Advisory provides a straightforward three-step process for online PF registration.
According to section 2(f) of the Employees Provident Funds & Miscellaneous Provisions Act, 1952, anyone performing tasks with the intention of compensation is considered an employee. This includes full-time workers, part-time workers, work-from-home workers, contractors, consultants, and freelancers.
PF Registration, or Provident Fund Registration, is a mandatory process under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
Employers with 20 or more employees are required to register for PF. Voluntary registration is also possible with employee consent.
A factory with 20 or more employees, an establishment with over 20 employees (as defined by the Central Government), or an establishment with less than 20 workers but notified for compulsory registration for at least 2 months.
