EPF RETURN FILING

EPF is an acronym used for Employee Provident Fund. This is a scheme which was introduced under the Employee Provident Funds and Miscellaneous Provision Act,1952. EPF is being regulated under the purview of EPFO which stands for Employee Provident Fund Organization. EPFO is among the world's largest Social Security organizations when it comes to clientele. EPFO acts as a steady source of income for the employees when they retire from the company. But for the same, the company should be registered with EPFO. This provides employees with a next-level of confidence since they can cover their future savings under EPF. Some Employee also checks if the company has registered with EPFO so that they can have the benefits of EPF. So, what are you waiting for? Get your company registered with EPF. On a yearly basis EPFO declares the EPF rate based on the returns of the EPF corpus.

As per the rules of EPF those employee whose basic pay is more than Rs. 15,000 per month, at the time of joining, is not required to make PF contributions. However, an employee earning more than Rs 15,000 can still become a member and make PF contributions with the permission of the Employer.

Employers can now easily file PF returns through the Unified Portal or you can reach out to us for error free process.

EPF return:

EPF returns are also known as PF returns. Provident funding returns have to be filed by any entity that has PF registration every month. PF return due date is on the 25th of every month. Also, the final PF return due date is on the 25th of April for the year ended on 31st March. PF payments are due on the 15th of each month. Employers should deposit 12% or 10% of the employee earnings for PF on or before this date every month. For most entities, the PF rate of 12% would be applicable, but in April 2020 it was changed to 10%.

There are various types of Forms under PF return filing which are as follows:

Form 2
This form is filed for the purpose of declaration and nomination under the flagship schemes of Employee Provident Fund and Employees Family Pension. It must be filed by an employee when he joins an entity. The form must be submitted along with Form 5. Form 2 is divided into two distinct parts:
Part A
Part A of Form 2 deals with nominating the person on the EPF balance of a particular account holder in the event of the individual's death.
Note: This section must be signed or a thumb impression has to be made at the end of the section.
Part B
In this part, additional details of the family members who are eligible to receive the child/widow pension must be furnished.
Note: This section must be signed or a thumb impression has to be made at the end of the section.

Form 5
Form 5 is a monthly report which consists of details regarding employees who have been newly enrolled into the PF scheme.
Note: The form must be filed and stamped by the employer, with the date of filing of form. Form 10
Form 10 is a monthly report which consists of details regarding employees who have left/ceased to be a part of the scheme in a particular month. Note: The form must be filed and stamped by the employer, with the date of filing of form. Form 12A
Form 12A is a report including details of the payments given to the account of the respective employee in a particular month. Annual PF Return Filing
Annual returns have to be filed by the 30th of April in a given year. The forms used for filing these returns are:
Form 3A
Form 6A

PF return due dates:
PF 15th of Every Month Monthly Challan remittance to Bank
25th of Every Month for Monthly PF Returns
April 30th for Yearly Returns