- +91-9311795484
- info@taxhint.in
- NIT 5E-1 Kotak Mahindra Bank First Floor, Neelam Chowk, Faridabad, Haryana 121001, IND
We provide expert consultancy for company registration, GST, ITR filing, and FSSAI certifications, ensuring seamless legal compliance.
At TaxHint Advisors, we offer expert PF Return Filing services to ensure that your business stays compliant with the Employees’ Provident Fund (EPF) regulations. Filing PF returns on time is essential for both employers and employees. We simplify the process by handling all the paperwork and filing requirements, so you can focus on your business.
PF return filing is the process of submitting monthly and annual Employees’ Provident Fund (EPF) contributions to the Employees’ Provident Fund Organization (EPFO) by employers. Every registered establishment with 20 or more employees must deduct a portion of the employee’s salary (12%) and contribute an equal amount. These contributions are deposited with EPFO, and employers must file returns through the EPFO Unified Portal to report the details. Timely filing ensures compliance and avoids penalties.
PF Registration Number
The unique registration number assigned to the company by the Employees’ Provident Fund Organization (EPFO).
Employee Details
Name, UAN (Universal Account Number), and PF account number of each employee.
Wages Register
A record of employee wages, including basic salary, allowances, and any other relevant income for calculation of PF contribution.
PF Contribution Details
Employer and employee contribution details (12% of basic salary and dearness allowance).
Challan Details
Proof of payments made for the employer’s and employee’s PF contributions (monthly payments through the EPFO portal).
Employee’s Bank Account Details
For refund or credit of the PF amount, the bank account details of employees are required.
Form 5 & 10 (Optional)
For new employees, Form 5 (new employee details) or Form 10 (for leaving employees) must be submitted if applicable.
Cancelled Cheque of the Company
Used to confirm the company’s bank account for remitting PF contributions.
Other Statutory Forms (if applicable)
Any other relevant forms required for specific PF schemes.
Small businesses often struggle with PF compliance due to limited resources. However, EPFO allows small businesses to register and file returns online through the Unified Portal. Many payroll software solutions provide automated calculations and direct filing features, reducing manual effort. Hiring an accountant or using a PF consultant can also help small businesses comply with EPF regulations efficiently.
To file a PF return online, employers must visit the EPFO Unified Member Portal. They should log in using their Establishment ID and password. Next, they need to navigate to the ECR Upload section, download the format, and enter employee details like UAN, wages, and contributions. After uploading the ECR file, a challan is generated, which must be paid through net banking or the EPFO payment gateway. Once the payment is processed, the return is filed successfully, and employers should download the acknowledgment receipt for records.
Startups and new companies must register on the EPFO portal before filing returns. The registration process involves obtaining an Establishment Code, linking it with the ESI & EPF accounts, and generating a UAN for employees. Monthly ECR filing is mandatory, and startups can use payroll software to automate the process. Many startups opt for professional payroll services to ensure compliance with PF regulations.
Freelancers and consultants are generally not required to contribute to EPF unless they voluntarily enroll. However, they can register under the Voluntary Provident Fund (VPF) scheme to avail of retirement benefits. To contribute, they must:
Open a PF account through an employer or self-register if operating as a proprietorship.
Make voluntary contributions at a chosen percentage (higher than 12% if desired).
File PF returns online through EPFO’s Unified Portal.
Maintain UAN records for tracking contributions and withdrawals.
.
PF return filing is the process of submitting monthly contribution details for employees under the Employees’ Provident Fund (EPF) scheme to the EPFO.
All employers with PF registration for their employees must file returns every month.
Employers will incur penalties, which increase with the delay. Penalties range from 5% to 25% based on the delay duration
Required documents include the wages register, employee details, bank details, and challan payment proof.
Yes, PF returns can be filed easily through the EPFO unified portal.
Employees can transfer their PF balance by:
Logging into the EPFO Unified Portal.
Navigating to ‘One Member – One EPF Account (Transfer Request)’.
Entering the previous and current employer details.
Submitting the request for approval.
Employers who fail to pay PF contributions face:
Legal action under the EPF Act.
Penalty of 5% to 25% per month on the unpaid amount.
Possible imprisonment for repeated violations.
Yes, PF is mandatory for employees earning up to ₹15,000 per month. Employees earning above ₹15,000 can opt-out at the time of joining, but once enrolled, they cannot opt out later.
Freelancers and consultants are not required to contribute to EPF. However, they can voluntarily opt for the Voluntary Provident Fund (VPF) if they wish to save for retirement.
PF returns must be filed by the 15th of each month for the previous month’s contributions. Late filing attracts penalties and interest.
Any business with 20 or more employees is legally required to register with the EPFO and file monthly PF returns. Smaller businesses can also register voluntarily.
Welcome To Taxhint Advisors Private Limited
