At CompliaSync, we offer comprehensive EPF (Employees’ Provident Fund) and MP Act compliance services to ensure that your organization is fully compliant with the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952. We assist both employers and employees with all aspects related to EPF, including UAN (Universal Account Number) activation, KYC approval, PF transfers, withdrawals, and end-to-end services related to EPF compliance.
Our EPF Compliance Services Include:
1. EPF Registration & UAN Activation
- Employer EPF Registration: We assist employers with registering their organization under the EPF Act, ensuring compliance with all relevant statutory requirements.
- Employee UAN Activation: We help employees activate their UAN (Universal Account Number), a unique number that consolidates multiple EPF accounts under one number, making it easier for employees to manage their contributions.
- Linking UAN with Aadhaar: Our team ensures that employees’ UAN is linked to Aadhaar and PAN to avoid any issues with EPF withdrawals or transfers.
- UAN Allotment for New Employees: We ensure that new employees are allotted UAN numbers, providing them with a unique identifier for managing their EPF account.
2. KYC Approval for EPF Accounts
- KYC Documentation: We assist employees in submitting the required Know Your Customer (KYC) documents for EPF accounts. This typically includes Aadhaar, PAN, and bank account details.
- KYC Approval: We ensure that all KYC details are correctly submitted to the EPFO (Employees’ Provident Fund Organisation) and get approved for smooth EPF transactions, including withdrawals and transfers.
- KYC Updates: In case of changes in employee details (like a change in Aadhaar or bank account), we ensure timely updates of the KYC details for uninterrupted EPF services.
3. EPF Contributions & Payment Compliance
- Calculation of EPF Contributions: We help employers calculate the employee and employer contributions to the EPF fund, based on the wages and statutory requirements as per the EPF Act.
- Timely Payment of Contributions: We ensure that all EPF contributions are paid to the EPF department on time, avoiding penalties and ensuring compliance with the EPF Act.
- Monthly EPF Remittance: We ensure the monthly EPF remittance is made on time to the EPFO to avoid late payment charges.
- Filing of Returns: We manage the filing of monthly and annual EPF returns to ensure that all the PF records are maintained accurately.
4. EPF Transfers & Withdrawals
- EPF Transfer Services: If an employee switches jobs, we assist them in transferring their EPF balance from the old employer’s EPF account to the new employer’s EPF account.
- Online Transfer of EPF Account: We facilitate online EPF account transfer between employers, streamlining the process and ensuring smooth continuity of the EPF account.
- EPF Withdrawal Services: We assist employees in withdrawing their EPF balance upon leaving the company or retirement. This includes helping with the PF withdrawal form submission and ensuring timely payment.
- Partial Withdrawals: We guide employees through the process of making partial withdrawals (for housing, medical, or education purposes) in accordance with EPF withdrawal rules.
- Final Settlement of EPF: Upon employee resignation or retirement, we help in final settlement of EPF balances, ensuring that all dues are cleared correctly and promptly.
5. End-to-End EPF Services for Employers
- EPF Compliance Monitoring: We monitor EPF compliance to ensure that the company is fully in line with the EPF Act, including contributions, returns, and updates.
- Employee EPF Account Management: We manage all aspects of your employees’ EPF accounts, including UAN activation, KYC updates, and EPF transfers/withdrawals.
- Statutory Filings & Returns: We ensure timely submission of Form 3A and Form 6A (Annual EPF Returns) and other EPF compliance filings with the EPFO.
- EPF Records Maintenance: We maintain accurate and up-to-date records of all employees’ EPF contributions, including employee and employer share.
- Handling EPF Audits: We support you during EPF audits conducted by the EPFO and provide the necessary documents and reports as required.
6. Employee Awareness & Support
- Guidance on EPF Benefits: We educate employees on the benefits of the EPF scheme, including interest on savings, pension after retirement, and other related benefits.
- EPF Queries Handling: We offer ongoing support to employees for all EPF-related queries, whether it’s about UAN, withdrawals, transfers, or benefits.
- Support for EPF Claims: We assist employees with the claim process, ensuring that all necessary documentation is submitted correctly to avoid delays.
7. EPF Compliance Audits & Reporting
- EPF Compliance Audits: We conduct periodic EPF audits to ensure that your organization is fully compliant with EPF regulations.
- Monthly and Annual Reporting: We generate and file all the necessary EPF reports, such as Form 5 for monthly contributions and annual returns, ensuring transparency and regulatory compliance.
Why Choose CompliaSync for EPF & MP Act Compliance?
- Expertise in EPF Compliance: We are well-versed with the EPF Act, ensuring full compliance with EPF regulations and minimizing the risk of penalties for your company.
- End-to-End EPF Services: From UAN activation to withdrawals and transfers, we provide comprehensive EPF services for both employers and employees.
- Timely & Accurate Contributions: We ensure that all EPF contributions are made on time, maintaining the accuracy and integrity of employees’ EPF accounts.
- Seamless Transfer and Withdrawal Process: We ensure smooth EPF transfers and withdrawals for employees whenever necessary, ensuring compliance with the rules.
- Employee Support: We provide continuous support to employees for any queries or assistance with EPF claims, ensuring they receive their rightful benefits.
With CompliaSync managing your EPF compliance, you can rest assured that your organization is in full compliance with the EPF Act and that your employees’ EPF accounts are handled efficiently and accurately. Our end-to-end EPF services ensure that both employers and employees experience a smooth and compliant EPF journey.