Registration:

• Mandatory Registration: Businesses with 20 or more employees must register with
  the EPFO within one month of meeting the threshold.
• Voluntary Registration: Businesses with less than 20 employees can also register
  voluntarily.

Contributions:

• Employer Contribution: Employers are required to contribute 12% of the
  employee’s basic salary towards the EPF.
• Employee Contribution: Employees also contribute 12% of their basic salary
  towards the EPF. These contributions are deducted from their salary each month.
• Timely Payment: EPF contributions for the previous month are due by the 15th of
  the following month.
  Reporting and

Record-Keeping:

• Employee Enrolment: New employees must be enrolled with the EPFO within a
  specified timeframe (varies by state).
• Electronic Challan Filing: Employers need to electronically file challans (payment
  slips) for EPF contributions deposited.
• Maintaining Records: Employers must maintain proper records of employee
  contributions, including challan copies and other relevant documents.

Additional Responsibilities:

• UAN Activation: Employers are responsible for facilitating the Universal Account
  Number (UAN) activation for their employees. The UAN is a unique identification
  number that allows employees to track their EPF contributions throughout their
  career.
• Filing Annual Returns: Employers may be required to file annual returns with the
  EPFO, depending on their specific category.

Benefits of EPF Compliance:

• Secures Employee Retirement: EPF contributions help employees accumulate a
  retirement corpus that provides financial security after retirement.
• Improves Employer Reputation: Complying with EPF regulations demonstrates
  your commitment to employee well-being and can boost your employer brand.
• Avoids Penalties: Failing to comply with EPF regulations can attract penalties from
  the EPFO.