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PF Return Filing

PF Return Filing

To promote the attitude of savings amongst the employees and also to benefit them during retirement a social security system of Provident fund was introduced. Contributions towards the PF are made by both the employer as well as the employee every month. The contribution made towards the PF can be only drawn by the employee only during the time of his or her employment, but there are a few exceptions.

This scheme is started for Indian workers. The workers are provided with a huge variety of medical, monetary and other benefits from the employer. Any company having more than 10 employees who have a maximum salary of RS. 15000/- has to mandatorily register itself with the ESI.

Due date of EPF return filing

Return filing of PF must be finished by the 25th day of every month. The amount of contribution made in PF must be 12% of the employee’s basic pay including allowances.

Know the basics

Characteristics of a Public Limited Company

PF Return

Provident fund return must be filed by all entities having PF registration every month. PF return is due on the 15th of each month.

PF Payment

Provident Fund (PF) payments are due on the 15th of each month.

UAN

The Employee Provident Fund has launched the Unified Portal to streamline and simplify all aspects of provident fund for both employers and employees.

Documents required for PF return filing

  • Digital signature of the employee
  • Bank statement
  • Copy of PF payment challan
  • List of PF contribution
  • Other relevant details such as ID proof, address proof, etc.

Types of PF return filing

  • Form 2

    Form 2 is field at the time of joining an entity. It is used for declaration and nomination of the employees. Form 2 I divided into two district parts -

    Part A

    Part A of form 2 specially deals with nominating the recipients of EPF balance of a particular account holder, In the event of his/her death. The following details of the nominee must be included in this part of the form –

    • Name
    • Address
    • Relationship with the subscriber
    • Age
    • Sum of money to be paid to the nominee
    • Guardian details (if the nominee is a minor)
    Part B

    The details of the nominee as already mentioned in Part A should also be included in Part B. Additionally, the details of the members who are eligible to receive the children/ widow pension must be furnished.

  • Form 5

    Form 5 i9s a monthly report which contains details pertaining to the employees who have been newly enrolled into the provident fund scheme. The form must include the following details –

    • Name of organization
    • Address of organization
    • Code no. of organization
    • Account number of employee
    • Name of employee
    • Name of the husband/ father
    • Date of birth of the employee
    • Date of joining
    • Track record of work
  • Form 10

    It is a monthly report that includes the details of the employees who have ceased to be a part of the scheme on the given month. Form 10 includes the following details.

    • Account Number
    • Name of the employee
    • Name of the father or the husband
    • Date of leaving the service
    • Reason for leaving service.
  • Form 12A

    This Form 12 A is a report that contains the payment details that are contributed to the account of the respective employee in a particular month.

  • Annual PF Return Filing

    The annual returns are to be filed by the 30th of April in a given year. The forms that are utilized for filing the annual PF returns are

    • Form 3A
    • Form 6A

Benefits of PF return

  • Return filing helps employees provide protection after retirement.
  • The process of a return filing of PF goes into details about the company’s contribution.
  • EPF return filing is processed under employee provident fund organization, so it provides full protection to employee.
  • EPF return filing provides other benefits regarding insurance, medical, taxation etc.