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Online PF Return Filing: To avoid penalties, submit your return before the deadline.
Every establishment in India that has registered for Employee Provident Funds, or EPF, is required to file an EPF return on a regular basis. At Licit 360, we recognize that effective management of your provident fund (PF) depends on accuracy, compliance, and efficiency. For this reason, we provide a full online solution for filing PF returns. We’ll go over the specifics of submitting a PF return on this page, along with the reasons using our services can improve your money management.
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Types of forms used to file employee provident fund returns
Form 5
Registration of new employees and updating employee details
Form 10
Declaration and nomination of beneficiaries by employees
Form 12A
Registration of establishments under the EPF scheme
Form 3A
Monthly contribution details of employees
Form 6A
Annual contribution details of employees
PF Return Filing Online: What Is It?
PF returns are more than just paperwork; for companies and employees alike, they’re an essential part of financial management. The process of completing returns for the Provident Fund (PF), a social security program offered to Indian employees by the government, is referred to as a “PF return.”
Employers and employees both contribute on a regular basis to the employee’s retirement savings under this plan. Annual returns for the Provident Fund (PF) must be filed with the relevant authorities, usually the Employees’ Provident Fund Organization (EPFO).
All organizations covered by the PF scheme are required to file their PF returns. It makes sure rules are followed and contributes to keeping financial transactions pertaining to employee benefits transparent. The employer may be subject to fines and legal repercussions if they fail to file PF returns on time or appropriately.
What is the deadline for PF return filing?
Private Organizations:
Private businesses must submit their PF returns on a monthly basis. Monthly entries must be made by the 15th of the subsequent month. The PF return is due by February 15th, for example, if the return period is January.
Establishments of Government:
The filing schedule for government establishments is quarterly. The deadline for submitting returns is the end of the month that follows the end of each quarter. For instance, the PF return needs to be sent in by the end of April if the quarter closes on March 31st.
A brief summary of the deadlines:
PF Payment: Due by the fifteenth of every month, at the latest. PF Annual Return: Every year, by April 25th, is the deadline. Penalties and legal repercussions may result from missing these deadlines. Establishments must adhere to these deadlines in order to avoid consequences.
Records Needed to File EPF Returns
A canceled check or the latest bank statement
Copy of the Provident Fund Payment Challan
Detailed documentation listing PF contributions made by both the employer and employees.
Employee and employer PAN cards
Employee and employer Aadhaar cards
Monthly Salary Statement
Certificate of Incorporation
Benefits of filing returns
Law Adherence
Workers' Safety
Tax Advantages
Transparency in Finance
Employer Image
Retention of Employees
Efficiency of Organization
Procedure for filing PF returns annually
Every year, annual PF reports have to be submitted by April 30th at the latest. Forms 3A and 6A are needed to file PF returns on a yearly basis.
Form 3A:
This form offers a comprehensive summary of the monthly contributions to the Employee Pension Fund and the Employee Provident Fund made by employers and employees over the course of the year.
It contains the following details on every member:
- Account number
- Subscriber’s name
- Father’s or husband’s name
- Establishment’s name and address
- Statutory contribution rate
- Details of any voluntary contributions
- The form must be signed and stamped by the employer.
Form 6A:
This form summarizes the annual contributions made by each member of the establishment and acts as a consolidated annual contribution statement.
The following information is contained in it:
- Account number
- Member’s name
- Details of wages, retaining allowance, and any other payments
- Contributions deducted from wages
- Employer’s contributions to EPF and Pension
- Refunds of advances
- Rate of higher voluntary contribution (if applicable)
Remarks
Details like the month of the contribution, the remitted contribution, the EDLI contribution, the pension fund contribution, administrative costs, and aggregate contributors should all be included in the amount remitted column.
Frequently Asked Questions
The process of submitting provident fund returns to the Employees' Provident Fund Organization (EPFO) in India is known as "PF return filing."
The EPFO's unified site, which offers a digital platform for the submission of monthly returns, allows you to file PF returns online.
The deadline for filing EPF returns varies, and they must be submitted each month. Maintaining compliance with the EPFO requirements is crucial.
Online EPF return filing is a quick and easy approach to make sure the EPF plan is being followed. It also gives employers a safe place to upload information on the contributions made by their staff members.
Indeed, digital platforms and consultants offering online PF return filing solutions are a good place to start looking for help.
The employer, workers, provident fund plan contributions, and any other pertinent information are examples of basic details.
Commonly utilized forms for filing PF returns include Forms 2 and 12. The EPFO is the source of these forms.
Twelve percent of an employee's base wage is contributed to the provident fund plan by both employers and employees.
The PF return file contains information on the contributions made by the employee and the employer, as well as any employee withdrawals.
Indeed, filing PF returns is a necessary component of the employment provident fund plan, which also encompasses the employment family pension plan and the employee pension plan.