Employees Provident FundMandatory for companies with > 20 employees contact Us
What is Employees Provident Fund (EPF)EPF stands for Employees Provident Fund. It is a type of long-term savings vehicle that helps with retirement savings. The government regulates pension fund and provides oversight for private sector companies to establish SAFEPASS or EPF schemes, among other requirements. Employees can contribute up to 12% of their salaries annually toward their EPF account, while employers are required to contribute 13%. Employees are also allowed a number of withdrawal options including an emergency loan and partial withdrawals prior to retirement age, which varies depending on the lifetime balance in the account. Withdrawals after retirement are only available in full at retirement age or when the employee dies. Employers are required by law to contribute a certain amount to the fund each month. This amount is known as the rate of contribution, and can be from 1% to 2% depending on the industry. The rate of contribution for employers is determined by the government and changes every few years. As a result, an employee’s monthly salary is lower than it would otherwise be in order to account for their EPF contributions. Employees can withdraw their whole EPF balance. The withdrawal limit is generally RM100,000, although there are exceptions. For those who are younger than 55, the withdrawal limit is half of their EPF balance. These limits increase as the age of retirement increases. After retirement, an employee can only withdraw from their EPF balance if there is no other source of income or for medical reasons.
Packages Included In Employees Provident Fund (EPF)
Procedure for Employees Provident Fund
Complete our Simple Form
You are required to fill in the details in our simple online questionnaire.
To proceed further, you have to us send all the required documents via mail.
Submission of application
We will fill all the required applications and file them with PF department.
Your work is completed
Once it is registered, we shall send you ,your EIC number through courier.
Documents Required For Employee Registration Fund
- Documents in Respect of Proprietor/Partner/Director
- Copy of PAN Card
- Copy of Aadhaar Card/ Voter identity card
- Documents in Respect of Entity
- PAN Card copy of firm/company/society/trust
- Cancelled cheque (bearing preprinted name & a/c no)
- Partnership deed (In case of partnership)
- Certificate of Registration (In case of Proprietorship/ Partnership)
- Certificate of incorporation (In case of company/ society trust)
Eligibility for Employees Provident Fund
- At the time of joining an employee in the employment and getting wages up to Rs. 15,000/- is required to become a member.
- In this act, Wages implies and includes Basic + Dearness Allowances, Cash value of food concession and retaining allowances, if any.
Frequently Asked Questions
Who must register with PF Department?
Any company which has 20 or more employees is required to be registered with the PF Department.
For registration in EPF do I have to be present in person?
The entire procedure is 100% online and you don’t have to be present at our office or any other office for registration. A scanned copy of documents has to be sent via mail.
Are there any other payments to be made for registration in addition to fee paid at the time of registration?
There is absolutely no other payment. We will send you an invoice that is all-inclusive, with no hidden charges.
What is the time taken to register in EPF?
We will take 4-5 working days.
What is the contribution rate to the Employees Provident Fund & pension scheme?
12% of the basic salary deposited in provident fund account is contributed by employers, whereas out of employee contribution of 12%; 3.67% is contributed to provident fund and 8.33% is submitted in Pension scheme.