Kolkata is also known as Calcutta and is the capital of West Bengal and one of the largest cities in India. It is a major port city and a major industrial center, with a focus on manufacturing, textiles, and IT. The city is home to a number of educational institutions, including the Indian Institute of Technology Kharagpur and the University of Calcutta.
The EPFO is the central governing body for the Employee Provident Fund. The EPFO diligently maintains records of various transactions in accordance with the organisation's regulations.
Benefits of EPF Registration in Kolkata
Registering for the Employees' Provident Fund offers several benefits to employees. Following are the advantages:
EPF registration enables individuals to accumulate a substantial retirement corpus over their working years. Regular contributions from both the employee and employer, along with the interest earned, help build a long-term savings pool.
EPF provides financial security post-employment, ensuring individuals have a stable income source during their retirement phase when regular earnings cease.
Contributions made to EPF are eligible for tax deductions under specific tax laws. This allows individuals to reduce their taxable income and potentially lower their overall tax liability.
The EPF contributions earn a competitive rate of interest, which helps grow the savings over time. The accumulated interest adds to the final corpus, enhancing the overall retirement benefits.
Eligibility Criteria for EPF Registration in Kolkata
The eligibility criteria for EPF registration in Kolkata is as given below:
- Mandatory Registration:
Establishments with a workforce exceeding 20 employees must register under the EPFO in accordance with the prescribed guidelines.
- Optional Registration:
Organisations with less than 20 employees have the choice to voluntarily register for EPF, even though it is not mandatory for them.
- All Recognised Establishments:
Any type of establishment that meets the criteria outlined in the EPF Act must register with the Employee Provident Fund. This applies to all recognised establishments, regardless of their size or nature of operation.
Documents Required for EPF Registrations in Kolkata
For registering with EPF, the following documents are must:
- Proof of PAN (Permanent Account Number) or CoI (Certificate of Incorporation).
- Address verification for the establishment premises.
- Identification and address verification for Directors/Partners/Proprietor.
- Details of residents and all members, including their addresses and contact information in the case of societies or trusts.
- Partnership Deed/LLP Agreement/Memorandum of Association and Articles of Association.
- Employee details, including nominee information and salary details.
- Cancelled bank account cheque.
For individual identity proof:
- Aadhar card
- Voter ID
- Driving license
For individual address proof:
- Self-attested copy of a recent telephone/mobile or electricity bill
- Bank account statement (less than 2 months old)
For proprietorship/partnership/LLP/company address proof:
- Telephone/mobile/electricity/gas bill (less than 2 months old)
- In the case of rented premises, a notarised copy of the rent agreement along with a No-Objection Certificate (NOC) for conducting business.
- In the case of self-owned premises, the registered title document.
Procedure for EPF Registration in Kolkata
For EPF registrations in Kolkata, the following steps must be followed:
Access the EPFO Website and find the ‘Establishment Registration’ button on the homepage.
Click the ‘Establishment Registration’ button which will redirect you to the sign-up page of the Unified Shram Suvidha Portal (USSP). Here, find the ‘Sign Up’ button and go on to provide the details asked there. Then, click ‘Sign Up’ to create your account.
After the USSP account is successfully created, log in and select the ‘Registration For EPFO-ESIC’ button on the screen. Now, select ‘Employees' Provident Fund and Miscellaneous Provision Act, 1952’ and click ‘Submit.’
Complete the Registration Form.
Upon submitting, you will be taken to the ‘Registration Form for EPFO’ page. Fill in all sections of the form accurately. Here, review the form in a summary and click ‘Submit’ after ensuring that the provided details are correct.
As a final step, attach your Digital Signature.
On the next page, click the button mentioning ‘Digital Signature’ and attach the Digital Signature Certificate. A successful completion message for the registration form will be displayed once the employer's DSC is uploaded.
Why Choose StartupFino for EPF Registration in Kolkata?
StartupFino is a company that specialises in offering complete services for EPF registration in Kolkata. We can help you with everything from providing advice in the initial phase to ensuring that you meet all the necessary requirements and fulfil all post registration compliances.