13.4 C
New York
Thursday, June 17, 2021

All you need to know about Employee Provident Fund (EPF)

- Advertisement -

Managed by the Employee Provident Fund Organisation of India (EPFO), the Employee Provident Fund (EPF) is an employee’s fund wherein the employee and the employer have to contribute an equal pre-decided amount of money which can later be leveraged by the employee.

Employee Provident Fund
Here’s a step by step guide for you to understand all about EPF
What is EPF?

In EPF Registration wherein the employee and the employer have to contribute an equal pre-decided amount of money which can later be leveraged by the employee. It is managed by the Employee Provident Fund Organisation of India (EPFO).

EPF applicability

Let’s understand the conditions around which EPF is applicable –

EPF applicability for employers
  1. Any company that has 20 or more employees in total is required by law to deduct EPF.
  2. Subject to certain conditions even organisations with less than 20 employees are applicable.
EPF applicability for employees
  1. Any salaried employee with a monthly income of less than 15,000 INR needs to compulsorily be a member of the EPF.
  2. An employee with a monthly income higher than INR 15,000 (the current prescribed limit) is eligible to become a member of the EPF if he/she gets approval from the Assistant PF Commissioner and employer.
  3. An employee can also choose to opt out of EPF if his/her salary is higher than INR 15,000 and if they have never made any contribution to EPF. This can be done by filling Form 11, which is a self-declaration form provided by the EPFO

Most of the services provided by the EPFO can be easily availed online through the EPFO member e-Sewa portal. These services include EPF passbook — viewing and downloading, withdrawing funds, PF account transfers etc.

You can easily avail these services by registering and logging in to the EPFO portal. Login portal for the employee and employer are the same.

- Advertisement -

Most of the services provided by the EPFO can be easily availed online through the EPFO member e-Sewa portal. These services include EPF passbook — viewing and downloading, withdrawing funds, PF account transfers etc.

You can easily avail these services by registering and logging in to the EPFO portal. UAN is mandatory for EPFO login. If you still haven’t generated nor activated UAN

  1. Visit https://unifiedportal-mem.epfindia.gov.in/memberinterface/
  2. Enter you UAN number, password and captcha code
  3. Click ‘Sign in’

Once you raise the claim request, you can easily track your request status through the membership portal. Follow these steps to check out your EPF Registration Online in India

How to check EPF claim status

  • Go to EPFO portal
  • Hover over ‘Our services’ and click on ‘For employee’s’ tab
  • Click on ‘Know your claim status’
  • In the next page enter your UAN
  • In the opened web page enter your state, select the EPF office from the drop-down menu, enter your establishment code and account number.
  • Click ‘Submit’
  • The claim status will be sent via SMS on your UAN registered mobile number.

- Advertisement -

Related Articles

Stay Connected

111FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles