PF Return Filing
PF Return Filing
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PF Return Filing
PF (Provident Fund) return filing is a crucial process that ensures timely and accurate submission of PF contributions made by an employer on behalf of their employees. The process of PF return filing involves the submission of details related to employee PF contributions, such as employee details, contribution details, and other relevant information. It is mandatory for employers to file PF returns periodically to comply with the regulations set forth by the Employees’ Provident Fund Organization (EPFO).
The PF return filing process can be done online through the EPFO’s Unified Portal. Employers are required to create an account on the portal, register their establishment and employees, and submit monthly PF contribution details for all employees. The PF return filing process is generally done on a monthly basis and should be completed within 15 days from the end of each month.
| Form Name | Purpose | Details |
|---|---|---|
| Form 2 | Declaration and nomination under EPF and Family Pension Scheme | Part A: Nominating recipients of EPF balance in case of death. Includes name, address, relationship, age, and sum of money to be paid to nominee. Part B: Details of nominee and members eligible for children/widow pension. Signed by employee. |
| Form 5 | Monthly report of newly enrolled employees in PF scheme | Organization name and address, code, employee account number, name, middle name (husband/father), date of birth, date of joining, work track record. Filed and stamped by employer with filing date. |
| Form 10 | Monthly report of employees who have ceased to be part of the scheme | Account number, name, father/husband name, date of leaving, reason for leaving. Filed and stamped by employer with filing date. |
| Form 12A | Report of monthly payments to employee accounts | Contains payment details contributed to the employee’s account in a particular month. |
| Annual PF Return Filing | Annual return filing by April 30th | Form 3A: Month-wise contribution to EPF and Pension Fund, includes account number, subscriber name, establishment name and address, statutory rate, voluntary contribution, signature and seal of employer. Form 6A: Consolidated annual contribution statement, includes account number, subscriber name, wages, employer and employee contribution, refund of advances, higher voluntary contribution, remarks, and amount remitted details. |
PF Return Filing FAQ’s
What is the process of PF return filing and when is it due?
On a monthly basis, employers who have obtained PF registration must file PF returns by the 15th of each month on the unified portal.
What is the PF contribution amount?
Both the employer and the employee must contribute 12% of the employee’s basic salary to their EPF account.
Is PF registration mandatory for individuals earning over Rs. 15,000?
Employees with a basic salary and dearness allowance of up to Rs. 15,000 must register for PF. Those earning more than Rs. 15,000 are not required to register.
Can PF be withdrawn after registration?
EPF account balance cannot be withdrawn immediately after resigning from the company. If an applicant chooses to withdraw money from their PF account before completing 5 years, they will be liable to pay tax on the amount.
Why is PF transfer necessary?
If a member has more than one EPF member ID and the EPF account has not been transferred to the latest EPF account, they are required to transfer the PF into their current EPF account.
How long does it take to receive PF payment after applying?
It can take anywhere from 5-30 days to receive PF payment after applying, depending on how quickly the EPFO officer clears the claim.
Is it possible to pay PF online?
PF can be transferred online in most cases, except for transfers from an exempted establishment to another exempted establishment.
Why is PF transfer necessary?
If a member has more than one EPF member ID and the EPF account has not been transferred to the latest EPF account, they are required to transfer the PF into their current EPF account.
When is the due date for monthly PF challan remittance to the bank?
The 15th of every month is the due date for monthly challan remittance to the bank for PF.
When is the due date for monthly PF returns?
The 15th of the subsequent month is the due date for monthly PF returns.
When is the due date for yearly PF return filing?
The due date for yearly return filing is the 30th of April every year.