PF Return Filling

Provident fund is a social security system that was introduced for the purpose of encouraging savings among employees, so as to benefit them during the course of their retirement. Contributions are made by the employer and the employee on a monthly basis. PF contributions can only be withdrawn by the employee at the time of his/her retirement, barring a few exceptions.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 on a monthly basis. The filing of returns must be completed by the 25th of each month. This article deals with the filing of provident fund returns, and the various forms through which the purpose must be fulfilled.

  • Any salaried employee who is a resident of India is liable to be a member of the employee provident fund scheme.
  • The employee is liable for this scheme right from the first day of his/her joining to any job.
  • Once the employee becomes a member, he/she is responsible for provident funds benefits along with the insurance and pension benefits.
  • It is mandatory for employees having a salary of Rs. 15,000 or more to be a member of this scheme although the employee can voluntarily apply for it at any wage.
  • The employee contributes a minimum 12% of salary (can voluntarily contribute more).
    • EFP registration (Provident Fund registration) has to be done within One month from the date of hiring 20 employees. Any delay may 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 of Proprietor/Partner/Director
    • Aadhar Card of Proprietor/Partner/Director
    • PAN Card of Proprietor/Partner/Director
    • Cancelled Cheque/Bank Statement of Entity
    • PAN Card of entity
    • Electricity Bill of the Registered Office (not older than 2 months)
    • Shop and establishment Certificate/GST Certificate/ License issued by the government for factory
    PF Return Filing Form