EPF Registration: Compliance Made Easy
A Comprehensive Guide - Streamlining Employee Provident Fund (EPF) Registration Introduction: Employee Provident Fund (EPF) registration is vital for ensuring financial security and compliance for employers and employees. This comprehensive guide aims to demystify the process, outlining step-by-step instructions and highlighting the importance of EPF registration for businesses and workers alike. Understanding EPF Registration: The Employee Provident Fund (EPF) is a social security scheme that provides financial stability to employees during their retirement years. Under this scheme, employers and employees contribute a percentage of their salary towards their EPF account. EPF registration is mandatory for all businesses with more than 20 employees and optional for those with fewer than 20 employees. Step-by-Step Guide to EPF Registration: 1. Eligibility Check: Based on the number of employees and other relevant factors, determine whether your business meets the eligibility crite...