What is P.F. Return Filling?
P.F. return is compulsory to fill month to month at the latest 25th of consistently, the disappointment of which prompts Govt. punishments.
Presently, employers and staffs contribute 12 percent of essential wages each towards the Employees Provident Fund Scheme (EPF).
A fortunate reserve is made with a reason for giving economical security and strength to workers.
Essential Documents for P.F. return filling
- Digital Signature
- Bank Statement
- A duplicate of P.F. Payment Challan)
- Rundown of P.F. Contribution)
Other important subtleties, for example, I.D. Proof, Address Proof, and so on.
The procedure of P.F. Return Filing
- Visit the Portal to sign in with the P.F. qualifications required.
- Confirm all the important details like Name, P.F. code, Address, and Status of Exemption.
- After choosing the payment option, and you will be coordinated to the “EPF UPLOAD” page.
- From the screen showed up, select the alternatives “Compensation MONTH,” “Pay DISBURSAL DATE.”
- Select the “ECR HELP FILE” catch to see ECR. Select the ECR for transferring the return month.
- Picked the Contribution rate and afterward hit the “Transfer” button.
- If the transfer is affirmed as valid, a message will spring up that says, “Document Validation Successful.”
- This will make a TRRN. From that point onward, select the “Get ready Challan” fasten and produce your ECR Summary sheet.
- Produce your challan by entering the Inspection charges for A/C No. 2 and 22.
- Alter the EDLI Contribution for A/C No. 21, if necessary. Ultimately, click on the “Produce Challan” alternative.
- Another screen will show up for altering the challan whenever required. After that, click on the “Conclude” button.
- For downloading the challan, click on the “In-Process Challan List.”
- Press the “Pay” for preparing with the installment. Select the “On the web” alternative and your bank and continue.
FAQS
Who is required to record the Return?
The excluded Return is to be documented by the Employer of the Establishment.
Whether part can alter his subtleties accessible in the EPFO database?
No, the part can’t alter his subtleties accessible in the EPFO database.
Is the EPF part required to deliver any record for profiting the development?
No endorsement or archives are to be presented by part.
If I have not found left the employment, would I be able to draw P.F.?
Yes. You can profit from this development while still in administration.
When to compulsorily acquire P.F. enlistment?
Each foundation has at least 20 representatives who need to acquire the EPF enrolment obligatorily.
What is the Contribution for Provident Fund both by the Employer and Employee?
The Employee contributes 12% of his/her Basic Salary, and the Employer provides a similar sum.
Is it helpful for representatives who draw pay above Rs 15001/ - to become individuals from Provident Fund?
Indeed because opportune store commitment by the business and representative is undoubtedly not an assessable salary for Income Tax reason.
Which structure must be filled while moving the fortunate reserve store?
You need to fill structure no 13 to move your P.F. sum.
What is this Form No 19?
Form No 19 is for Provident fund withdrawal.
What is the accounting year for the Provident reserve account?
The accounting year is from March to February.