PF Return Filing

Overview of the PF Return Filing procedure in India:

The Employee’s Provident Fund scheme is a popular saving opportunity for Indian employees. Generally, contract workers at organizations in the security, labour or housekeeping departments are eligible To save under this fund. The deadline to register under this scheme is the last date of the month of appointment, and the company is held liable for the late registration of its employees.

Here are a few characteristics of PF Return Filing:-

• The EPF registered employed must file returns every month
• This scheme is aimed to develop the habit and initiative in the employees to save every month for the future
• The employee can withdraw the EPF fund only after retirement

Advantages of EPF registration:

EPF have many advantages for an employee; some of them are as follows:-

• In the case of an emergency, the EPF amount can be utilized by the employee.
• It secures an employee’s financial future after retirement, as the saved amount can then be used for health treatment or whatever essential purpose by the employee.
• It is a “long-term investment plan”. The employee doesn’t have to deposit a considerable amount. Instead, some amount is deducted monthly from the employee’s salary, which will add up to a significant amount someday.

Eligibility Criteria for EPS Registration in India:

The following are the eligibility criteria for registering under the EPF scheme:

• If an employee earns less than 15000 every month, they can get registered under the EPF scheme.
• It is mandatory for a company to enrol its employees under EPS if it is planning to employ more than 20 employees.
• Companies having less than 20 employees can also join the EPF scheme if they want the benefits for their employees.
• With the permission of the Assistant PF Commissioner, employees earning more than 15000 per month can also open an EPF account.
• The state of Jammu and Kashmir is excluded from the EPF Registration scheme in India.

What are the documents required when registering EPF?

The following documents and details are required for EPF return filing registration:

• Name of the applicant
• Employer’s Identification Proof such as Driver’s License, Passport etc.
• Employer’s address proof for verification
• Employer’s Pan Card.
• Applicant’s information, including the residential address and contact details
• Applicant’s proof of address for verification

Step by Step guide to the EPF Registration Process:

These are the steps for the employers to register their employees under the EPF scheme:-

Step 1:

The employer must register the company by going to the official EPFO website, which is https://www.epfindia.gov.in/. After that, from the drop-down menu on the website, select ‘Establishment Registration.

Step 2

By selecting ‘Establishment Registration,’ you will be sent to the next page, https://registration.shramsuvidha.gov.in/user/register, where you may obtain the manual. It is recommended to go through the user manual, especially if you are a new user.

Step 3:

Now click on the ‘Sign Up’ Button.

Step 4:

When you click ‘Sign Up,’ you’ll be asked for the following details:-

Your Name, Mobile Number, Email, and Verification Code. Once you have filled in the required information, click ‘Sign Up’ to create your account.

Step 5:

Click on the ‘Registration For EPFO-ESIC’ option.

Step 6:

On this page, click on the option to ‘Apply for New Registration.’ After doing that, choose one of the two presented options: ‘Employees’ State Insurance Act, 1948′ and ‘Employees’ Provident Fund and Miscellaneous Provision Act, 1952,’ you can verify these before going to the next step by clicking on the ‘Submit’ button.

Step 7:

You will be asked to provide the following employer’s information – Employment Details, Worker Specifications, Branch/Division, Activities, Establishment Details, e-Contacts, Contact Persons, Identifiers, and Attachments. The details beside the red asterisk are mandatory and must be filled with correct information.

Step 8:

On the dashboard, you can see the summary of the form.

Step 9:

Now click the ‘Submit’ button, and the registration is completed.

Step 10:

The Digital Signature Certificate of the employer is mandatory when registering on the EPFO website. Submit the DSC to proceed.

Step 11:

You will get an email confirming the completion of your DSC Registration from Shram Suvidha

Frequently Asked Questions