At Ask Associates, we offer comprehensive Employee Provident Fund (EPF) services to ensure compliance with Indian labor laws and provide financial security for employees. Our team of experts guides you through the EPF registration process and assists in managing contributions, filings, and documentation.

What is Employee Provident Fund (EPF)?

Employee Provident Fund is a scheme governed by the Provident Funds and Miscellaneous Provisions Act, 1952, under the supervision of the Employees Provident Fund Organization (EPFO). It provides financial security to Indian employees upon retirement or resignation.

EPF Registration Eligibility

For Employers:

• Establishments with 20 or more employees are required to apply for PF registration.
• Certain exemptions may apply to establishments with fewer than 20 employees, subject to government notification.

For Employees:

• Employees earning less than Rs. 15,000 per month must become EPF members.
• Employees earning more than Rs. 15,000 per month are not required to contribute to EPF but can voluntarily opt for it.

EPF Contribution

• Employers must contribute 12% of (Basic Salary + Dearness Allowance + Retaining Allowance), while employees make an equal contribution.
• For establishments with fewer than 20 employees, the contribution rate for both employers and employees is limited to 10%.

Breakup of EPF Contribution

• Employee Provident Fund: 3.67%
• EPF Administration Charges: 1.1%
• Employee’s Deposit Linked Insurance: 0.5%
• EDLI Administration Charges: 0.01%
• Employees Pension Scheme: 8.33%