PF Return Filing
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Mandatory for all establishments which employ 20 or more persons.
Overview
- PF Return: Every PF return must be filed by entities having PF registration. PF registration is mandatory for all employers having 20 or more employees.
- Due Date: PF return is due on the 15th of each month. In addition to PF return, the entity may also have to file ESI return on the 15th of each month.
- Form 2: This form is filed for the purpose of declaration and nomination under the flagship schemes of Employees Provident Fund and Employees Family Pension. It must be filed by an employee when he joins an entity. The form must be submitted along with Form 5.
- Form 5: Form 5 is a monthly report which contains details pertaining to the employees who have been newly enrolled into the provident fund scheme. Form 10
- Form 10: Form 10 is a monthly report that contains details of the employees who have ceased to be a part of the scheme on a given month.
- Form 12A: Form 12A is a report that includes the details of the payments contributed to the account of the respective employee in a particular month.
Packages
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Why you need PF Registration?
- PENSION COVERAGE: Besides the contribution of the employee to EPF, the employer adds an equal amount which is inclusive of Employee Pension Scheme (EPS). Therefore, EPF saves you a robust pension.
- RISK COVER: Provident Fund helps the dependents of the employee by covering the financial risks they face any instances like illness, demise or retirement
- SINGLE ACCOUNT: The PF account can be easily transferred while switching employments. It can be carried forward to any other place of employment instead of being closed down. This uniformity ensures that the rate of return is compounded over the years.
- EMERGENCY FUND: EPF amount can be of great help during unanticipated occasions like mishaps, illnesses, weddings and educational expenses.
Talk to a CA to know more!
Steps Involved
Step 1: Receive Documents
Step 2: Application Drafting
Step 3: Review and Changes
Step 4: PF Registration
Documents Required:
Form 2: Form 2 is divided into two distinct parts:
Part A
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
Name of Organization
Address of organization
Code number 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: Following details must be filled in the form:
Account number.
Name of employee.
Name of the father or husband.
Date of leaving service.
Reason for leaving service.
Form 12A
.
Form 12A is a report that includes the details of the payments contributed to the account of the respective employee in a particular month.