File PF Returns
Senixa Legal helps you to file your PF Returns on time. Prices starting from INR 499/- only.
Step 1
Fill Simple Checklist
Preparing & Filed PF return
What is a Provident Fund Return?
Employees Provident Fund (EPF) is a scheme controlled by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated by the Employees’ Provident Fund Organization (EPFO). PF registration is applicable for all establishment which employs 20 or more persons. PF registration can also be obtained voluntarily by establishments having less than 20 employees.
• Provident fund is a social security system that was introduced for encouraging savings among employees, to benefit them during their retirement.
• Contributions are made by the employer and the employee monthly. PF contributions can only be withdrawn by the employee at the time of his/her retirement, barring a few exceptions.
• All employers having PF registration are responsible to file returns monthly.
Important Points Relating to Provident Fund:
PF Return: Provident fund return must be filed by all entities having PF registration every month. PF return is due on the 25th of each month. Further, a final PF return is due on the 25th of April for the year ended on 31st March.
PF Payment: Provident Fund (PF) payments are due on the 15th of each month. The employer must deposit a total of 12% or 10% of the employee wages towards PF on or before this date every month. For most entities, the PF rate of 12% would be applicable.
UAN: The Employee Provident Fund has launched the Unified Portal to streamline and simplify all aspects of the provident fund for both employers and employees. Employees who have the newly allotted UAN can use the Unified Portal for various services.
Advantages:
Risk coverage: The most fundamental benefit of the Provident Fund is to cover the risks employees and their dependents that may arise due to retirement, an illness, or their demise.
Uniform account: One of the most important aspects of the Provident Fund account that it’s steady and transferable. It can be carried forward to any other place of employment.
Employee Deposit Linked Insurance Scheme: This scheme is for all the PF account holders. According to it, 0.5% of the salary is deducted from the life insurance premium.
Long-term goals: There are many long-term goals such as Marriage or higher education that require the urgent availability of funds. The accumulated PF amount often comes in handy during such occasions.
Security: When it comes to signatures, authenticity, and security is a priority. Digital signatures reduce the risk of duplication or alteration of the document itself. Digital signatures ensure that signatures are verified, authentic, and legitimate.
Emergency needs: There are certain unanticipated occasions like marriage or other family occasions, any mishappening or illness that requires urgent finance. The PF amount can be of great help.
Covers pension: Apart from the employee’s 12% contribution towards EPF, an equal amount is contributed by the employer, which includes 8.33% towards Employee Pension Scheme (EPS).
The due date for Filing PF Returns:
• The due date for Monthly Challan remittance to Bank for PF is 15th of Every Month
• The due date for Monthly PF returns is the 25th of Every Month
• The due date for yearly returns is 30th April every year.
Penalty for delay in PF payment by an employer:
Delay in payment of PF by the employer having PF registration will attract penalty as follows:
| Period of Delay | Rate of Penalty (p.a.) |
| Up to 2 months | 5% |
| 2 – 4 months | 10% |
| 4 – 6 months | 15% |
| Above 6 months | 25% |
How to File PF Returns?
Fill Simple Checklist
A compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents provided by you and take the procedure further. The compliance manager dedicated to you will keep you updated on the progress of Company Registration throughout the process.
Name Approval
Once your documents along with Checklist are submitted, we shall proceed with the application of your Digital Signature and subsequently the approval of name for your Private Limited Company. You may suggest up to three names of your choice. Names should be unique and suggestive of the Company’s business. We will proceed with application for name for your Private Limited Company in Part A of SPICe Plus form.
Registration
We will draft the MOA (Memorandum of association) and AOA (Articles of association). We will file the incorporation documents with MCA through in part B of a form called “SPICe Plus (SPICe +)” along with the subscription statement. Usually, MCA approves the forms within 4-5 days once filed and issues Incorporation Certificate with CIN. PAN & TAN are allotted alongside. You may then proceed to open your Company Bank Account.
FAQs On PF Return filing
What is the PF return?
All employers who have PF registration are necessary to file returns on a monthly basis. The filing of returns has to be done by the 15th of each month through the unified portal. During the working tenure, the employee and employer both contribute 12 % of the basic salary of the employee into the EPF account.
How can I return my PF?
The employers who have PF registration mandatory file returns on a monthly basis. The filing of returns must be completed each month. The forms used for filing these returns are- Form 3A and Form 6A.
What is PF return monthly?
All employers having PF registration are responsible to file returns on a monthly basis. The filing of returns must be completed by the 15th of each month through the unified portal. During the working tenure, the employee and employer both contribute 12 percent of the basic salary of the employee into the EPF account.
Is PF mandatory for a salary above 15000?
Yes, it is mandatory to have an EPF account by the employer for the employees who have a basic salary plus dearness allowance is up to Rs. 15,000. And those who are earning beyond Rs. 15,000 is not compulsory but may contribute voluntarily.
What is ECR in PF?
ECR stands for Electronic Challan cum Return. It is an electronic monthly return to be uploaded by employers through the Employer e-Sewa portal. The approval of uploaded ECR will result in the generation of a Challan using which the employer has to remit the dues through an online payment.
How is the Provident Fund calculated in Excel?
Suppose (Basic Salary + Dearness Allowance) = Rs 50,000 monthly. Now the contributions of the employee and the employer are made. Employee’s contribution towards EPF = 12% of Rs 50,000 = Rs 6000. Employer’s contribution towards EPS = 8.33% of Rs 50,000 = Rs 4165
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