EOBI Registration in Pakistan
The Employees’ Old-Age Benefits Institution (EOBI) is an important government program in Pakistan, with 9,886,259 registered participants. It ensures workers’ financial stability upon retirement.
What is EOBI?
Under the EOBI Act of 1976, EOBI is a social insurance scheme run by the Pakistani government. This program’s primary goal is to give employees pensions at retirement in addition to other benefits like invalidity and survivor pensions.
The EOBI facilitation system is funded by contributions from both companies and employees. Over time, the fund grows and is eventually paid out as a monthly pension.
Who is Eligible for EOBI Registration?
Every establishment that employs 10 or more people is mandatorily required to be registered with EOBI.
To offer EOBI benefits to their staff, businesses with fewer than ten employees may choose to voluntarily register.
To put it briefly, any company or organization with 10 or more employees is required by law to register. Smaller companies may choose to do so voluntarily to offer their staff pension benefits and long-term financial stability.
Currently, we are not offering the EOBI registration service. However, if you need any assistance with income tax filing, we can help you.