PF Return Filling

The Provident Fund serves as a social security initiative designed to promote savings among workers, ensuring financial security upon retirement. Both employers and employees contribute monthly to this fund. Generally, employees can access their PF contributions only upon retirement, with certain exceptions. Employers registered under PF are obligated to submit monthly returns, due by the 25th of every month. This piece discusses the process of filing provident fund returns and the specific forms required for compliance.

  • Every salaried individual residing in India is mandated to enroll in the Employee Provident Fund (EPF) scheme.
  • From their initial day of employment, employees are obligated to be part of this scheme.
  • Once enrolled, employees can avail benefits from the EPF, inclusive of insurance and pension perks.
  • While it's compulsory for those earning Rs. 15,000 or above to join, individuals with lower salaries can also opt in voluntarily.
  • Employees are required to contribute a minimum of 12% of their salary to the fund, with the option to contribute more at their discretion.
    • EFP registration (Provident Fund registration) has to be done within One month from the date of hiring 20 employees. Any delay m2 result in a penalty.
    • The application for PF Registration is made online with the Digital Signature of one director or the Authorized Signatory of the company.

    Following is the complete list of documents required for PF :

    • Digital Signature from the Proprietor, Partner, or Director
    • Aadhar Identification of the Proprietor, Partner, or Director
    • PAN Identification of the Proprietor, Partner, or Director
    • Voided Check or Recent Bank Statement of the Entity
    • Entity's PAN Identification
    • Recent Electricity Invoice for the Registered Office (within a 2-month timeframe)
    • Official Documentation: Shop & Establishment Certificate, GST Certificate, or Government-issued Factory License

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