PF Return

PF Return

PF Return filing is mandatory for Organisations, Factories, Establishments every month on or before 25th. A provident fund has an objective to provide financial security and stability to employees.

Package Inclusions –
  • PF Return
  • File Your PF return before due date.
PF Return

What is PF Return?

Employees Provident Fund is a retirement benefit scheme for all salaried people and this fund is maintained by Employees Provident Fund Organization of India (EPFO) and any company having 20 employees or more is required to register with EPFO.

During the working tenure, employee and employer both contribute 12 percent of the basic salary of employee into EPF account. Employee's entire 12 percent goes into EPF account and Employer's 3.67 percent is transferred into EPF account of employee. Rest 8.33 percent from employer's side is diverted in Employees Pension Fund (EPF).

EPF Registration

EPF Registration is mandatory for companies/organizations having more than 20 individuals. Registration can be done online and offline both but preferably done with online mode.

Benefits of PF Return Filing (Provident Fund) Return

There are different forms of benefits which can received from filing the PF return. The following are the benefits of filing the PF return:

Benefits of PF Return Filing (Provident Fund) Return

Welfare of the Employees-

The employees will understand that the organisation values the welfare of the employees. This will increase the amount of employee welfare.

Compliance with Law-

Any company complying with the requirements of EPF will be benefitting from the scheme. Apart from this, the company would also remain transparent throughout the whole process of provident fund registration.

More Social Security-

Apart from having a secure system of social security, the whole process related to PF is managed by the Employee Provident Fund Organisation (EPFO). Such organisation regulates the entire process of PF registration. Hence complying with such systems makes the entire process hassle free.

Benefits of Insurance-

Any organisation which does not have some form of insurance would get the benefits of the Employee Deposit Linked Insurance Scheme (EDLI). Through this scheme employees can secure the benefits of insurance. For this 5% of the monthly contribution must be paid as a premium for this form of insurance to be applicable.

Medical Benefits-

An employee can withdraw specific amount of salary from this contribution which is equivalent to six times or the entire amount whichever is lesser for medical expenses during emergencies.

Benefits related to Taxation-

There are different forms of taxation benefits under this scheme. Such benefits can be enjoyed by both the employer and the employee.

What details have to be provided by the Employer?

Employer needs to provide following details along with EPF Form which can be downloaded from EPFO website

  • Name and address of the company along with head office and branch details
  • Date of Incorporation of company
  • Provide Details of employees (name, date of joining, salary, etc)
  • Business of the company
  • Director’s details
  • Banking details of the company
  • PAN details

What is the Procedure of Filing PF Return?

The process in which PF return has to be filed by the employer has to be in compliance with the requirements of the Unified Portal of PF filing. Any employer that is registered under the system of Employees Provident Fund System has to mandatorily consider filing the returns on time.

Form 2-Such form is utilised by the employer for a flagship scheme under the Employee Family Scheme utilised by the employee. For the above, Form 2 must be submitted along with Form 5. In this section both part A and part B must be filed as per the requirements.

Form 5- This is a monthly compliance and report which is required to be filed. Any employee who is newly enrolled in the systems related to provident fund.

Form 10- For any form of individual or employee who is not part of the organisation would be present under this form.

PF Annual Filing- By 30th April of every year, the annual returns for PF must be filed. This must be carried out through filing Form 3A and Form 6A.

Account Statement Filed Annually- Along with this, the EPFO has to send the annual account statement regarding the filings.

  • Copy of partnership deed (In case of partnership firm)
  • Certificate of Incorporation (In case of Private or Public Company)
  • Registration Certificate (In case of society)
  • PAN details of the company
  • Proof of Incorporation
  • Salary details of employees
  • Balance Sheet details

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Frequently Asked Questions

All employers who have PF registration are necessary to file returns on a monthly basis. The filing of returns has to be done by the 15th of each month through unified portal. During the working tenure, employee and employer both contribute 12 % of the basic salary of employee into EPF account.

The employers who have PF registration madatory file returns on a monthly basis. The filing of returns must be completed each month. The forms used for filing these returns are- Form 3A and Form 6A.

All employers having PF registration are responsible to file returns on a monthly basis. The filing of returns must be completed by the 15th of each month through unified portal. During the working tenure, employee and employer both contribute 12 percent of the basic salary of employee into EPF account.

The annual PF Return must be filed by the 30th of April in a given year

Yes, it is mandatory to have an EPF account by the employer for the employees who have a basic salary plus dearness allowance is up to Rs. 15,000. And those who are earning beyond Rs. 15,000 is not compulsory but may contribute voluntarily.

Provident Fund (PF) payments are due on the 15th of each month. The employer must deposit a total of 12% or 10% of the employee wages towards PF on or before this date every month.

ECR stands for Electronic Challan cum Return. It is an electronic monthly return to be uploaded by employers through the Employer e-Sewa portal. The approval of uploaded ECR will result in the generation of a Challan using which the employer has to remit the dues through online payment.

• Step-1 Log in to UAN portal and enter UAN number and password

• Step-2 Click on to Tab ‘Manage’ and select KYC to check the details such as Aadhar, PAN and Bank details are verified or not

• Step-3 Once the details get verified, click on to Tab ‘Online services and select option ‘Claim Form- 31, 19 and 10C

• Step-4 Enter the last 4-digit of your bank account and click on to ‘Verify’

• Step-5 Click on to ‘Proceed for Online claim’

• Step-6 Select the required claim and select PF Advance Form-31 to withdraw the fund

To correct the ECR, u need to write to the Regional PF Commissioner (PF). Meanwhile, you can be in touch with the dealing head of your PF code as system provides the option to cancel your ECR in his system. Once cancelled by the dealing hand, you can provide the corrected details in soft copy and I.T.

Suppose (Basic Salary + Dearness Allowance) = Rs 50,000 monthy. Now the contributions of the employee and the employer are made. Employee's contribution towards EPF = 12% of Rs 50,000 = Rs 6000. Employer's contribution towards EPS = 8.33% of Rs 50,000 = Rs 4165

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