Claim What’s Yours: PF Registration Made Easy

Claim: What does your PF registration in India mean? Learn the meaning of this line with this blog, and also the role of PF certification in providing mandatory things to every employee of a company. 

Modern employees want full facilities and full rights from a company. But in India, mainly corporate companies don’t provide them with their rights and social security. That’s why they leave a company early or don’t feel comfortable in a company. So, if you are also an employee in a company, then claim what is yours with easy PF registration online, because PF registration implements PF standards for any company. Due to this, providing employees with their rights and social security becomes mandatory for that business. 

When a company applies for the employee PF registration, it means that the company is ready to give its services to its employees. The services that a company has to provide to its employees include health benefits, financial benefits, financial support, and medical benefits, etc. That’s why we can say that claim what you deserve being an employee of a company. Because getting your legal rights and services from those with whom you are working is not wrong. 

Therefore, in this blog, you will learn about how to claim things that are already yours from a company.

1. What Things Does the PF Registration in India Provide to Employees?

The list of services that the EPFO employer portal provides to the workers is substantial. Because when a company starts following to PF certification, then many things it has to provide to its employees. 

The PF certification, which is provided by the Employees’ Provident Fund in India. Mainly provides a comprehensive social security net that includes retirement savings, a pension scheme, and life insurance. Due to these services, employee savings schemes become more loyal towards the company, and work for a longer period of time. Now, look at these services briefly that the PF standards mandate in a company. 

Benefits in financial security and services

1. Retirement Corpus – The main benefit that PF claims and benefits provide to the employee is that it provides a substantial corpus during the time of retirement. whereby the employee and the employer have to make a mandatory monthly contribution to their PF accounts. Due to which they can earn a government-declared, tax-free interest rate.
2. Pension – If any employee retires after giving 10 years of service, he becomes eligible for the Employees’ Pension Scheme’s monthly pension. This guarantees a steady source of income in old age.
3. Life Insurance – In the case of any employee’s death. The government offers a one-time payment to the employee or their legal representative. Under the scheme of the Employees’ Deposit Linked Insurance (EDLI). Which offers financial security to the family of that employee. 
4. Tax Benefits – Section 80C of the Income Tax Act permits employee contributions to be deducted from taxes, and interest received and withdrawals are often tax-free.

Get funds in case of an emergency

From their PF account, employees can easily withdraw an amount in case of any emergency during their service for specific, urgent financial needs. The list of cases in which an employee can withdraw from their account is:

• Medical treatment for self or family members.
• Purchase or construction of a house or flat, or repayment of a home loan.
• Marriage expenses for self, children, or siblings.
• Financing for a child’s post-matriculation education.
• During periods of unemployment
• Online or portable benefits 

1. Universal Account Number – Under the PF scheme, each employee gets their unique 12-digit UAN. That works as a protection of their PF accounts, which they get from different employers. They may find this useful during their work shift. 
2. Online Account Management – Even employees under PF standards can also access various online services via the EPFO member portal or the UMANG app to check their balance, view passbooks, and file claims.

Today’s Best HR Practices Begin with Clear EPF Registration

2. Breaking Down the PF Registration in India Process, Getting What’s Yours

As an employer, if you’d like to provide things to your employees that they deserve. Then, follow some easy steps in terms of obtaining your PF registration for your company and making your business more attractive in the eyes of your employees. The provident fund process is handled by the  Employees’ Provident Fund Organisation (EPFO) and involves separate, but linked, procedures for both employers and employees. 

Therefore, some steps for obtaining your PF registration in India easily through the online portal of EPFO are mentioned below:

1. In the first step, go to the official portal of EPFO. Then there you have to create your account and register yourself as an employer, because creating an account is mandatory on that portal. 
2. Following the creation of your portal account. Apply after logging into that account for your new registration for the “Employees’ Provident Fund and Miscellaneous Provision Act, 1952”.
3. Fill in all the details on the online form, such as name, address, PAN, date of setup, business activity, etc. Also, contact person details and employee information.
4. Then, after that, collect and provide the required documents on the portal. Which include PAN card, address proof, canceled cheque, etc.
5. After uploading your documents. Send in your application to be verified. And after successful verification and approval by the EPFO. The employer of a company can receive its PF certification for its business.
6. Then, after getting the PF registration in India, the employer must have to issue a Universal Account Number (UAN) for each new employee. And have to link it with Aadhaar and PAN.
7. Cutting the employee’s share and adding the employer’s matching contribution, and adding the total amount to the account of EPFO.

3. Know Your Rights with LegalRaasta’s PF Certification Service!

LegalRaasta serves as a dependable ally for business expansion, whether you are a founder, a manufacturer, or managing a startup.

Our group at LegalRaasta extends a broad selection of services, including the BIS hallmark certification, to ensure you manage your finances smoothly. Locating a hallmark certification service for your finances can be difficult, but you can trust us to deliver the right guidance to support your business in uncertain markets.

Also, we give more than just financial services:

• Virtual CFO 
• GMP certification
• ESI registration
• AD code registration
• NBFC registration

and much more.

We will meet all your legal and rules requirements in one spot. This illustrates real-world skill, agility, and a commitment to your long-term viability.

How PF Registration Supports Trust and Stability at Work

4. Frequently Asked Questions

How does an employee claim benefits provided by the PF certification in a company?

Ans. For obtaining the benefits that PF standards provide, employees must have to register themselves with the help of their employer. Additionally, you must give the business all relevant paperwork.

What benefits does PF certification provide to the employees?

Ans. PF registration provides many benefits, which include health, financial, crisis, and emergency benefits. Because at any time, any issue the company handles, the financial situation of any employee, according to the PF standards.

What documents are required for applying for PF registration as an employer?

Ans. The documents that an employer requires for applying for PF certification are a PAN card, Address proof of the registered office, Certificate of incorporation, partnership deed, or other relevant registration certificates. Canceled cheque or bank statement, Details and proofs.

What happens if I do not follow PF standards in my company?

Ans. Not following the PF standards in any company can cause several issues and penalties to that company. Because it is a necessary condition for every company in India which have 10 or more employees.

Which authority issues the certification of PF?

Ans. The  Employees’ Provident Fund Organisation (EPFO) will issue the PF certification in India. In terms of providing each employee with social security and its advantages.