PF Return Filing

File PF returns online through GarudaMudra at reasonable prices. Provident Fund (PF) Return Filing We offer one of the fastest and easiest PF return filing services for business of all types and sizes.

What is PF?

What is PF (Provident Fund) The Provident fund (commonly known as PF) is a retirement benefit scheme that most of salaried employees are familiar with. There is a fixed monthly contribution to the PF account which is shared equally by you and your employer.

Employees generally cannot withdraw PF contribution while in service (unless under certain circumstances). As per PF registration, if you are an employer, then it is mandatory for you to file monthly returns under PF by the 25 th every month.

For employee ease employers can even submit their PF returns, using the Unified Portal.

Who Can Apply for PF?

Every organization registered under EPF, it is mandatory for the business to file monthly returns of EPF. Contributions are made as follows:

1. 12% from the employer and 12% from the employee will directly be deducted from basic salary on monthly basis.
2. Here, 3.67% of the employer’s contribution goes toward the employee’s EPF account and 8.33% contributes to Employee Pension Fund (EPF).

There are certain situations in which employees can withdraw their PF balance:

1. Retired at 58 years of age or older.
2. After two months of unemployment.
3. If the employee dies before his retirement.

Why Opt for PF Return?

Benefits of Filing PF Returns:

1. Legal Requirement – It is required to file PF returns. Failure to file can result in substantial fines and penalties.”
2. Employee Safety – PF provides financial security for employees. Returns that come in early, insure they are recorded accurately.
3. Tax Benefits – Employers receive tax deductions against PF contributions, which can bring down tax liabilities.
4. Organized Record-Keeping – PF filing on time helps in maintaining the records of employees organized and clear.

Documents Required for PF Return

These are among the documents that you will normally need when filing PF returns (this list is not exhaustive):

1. Employer’s contribution details.
2. Employee’s contribution details.
3. Copy of ECR Challan.
4. Employee UAN details with KYC updated.
5. Forms Used for PF Return
6. Form 2 – Statement and nomination under EPF and Pension Scheme (submitted when joining).
7. Form-5 – A company has to submit a monthly report on the joining of new employees.
8. Form 10- Report on Employees who the organization have left for month including cause of leaving.
9. Form 12A – Monthly return of contributions credited to each employee’s account.
10. Form 3A – Yearly contribution summary (employer + employee) for each month of every member.
11. Form 6A – Annual consolidated statement of contribution paid in respect of all employees.

How to File PF Return?

Follow these steps:

1. Log in to Unified Shram Suvidha portal with your EPFO details.
2. Details and submit your PF return online.
3. Consequences of Non-Filing
4. Penalties on delayed PF returnsWhat happens if we file pf return after the time limit, is there any penalty?
5. 5% of dues for filing within 2 months from due time.
6. 10% after 2 but within 4 months.
7. 15% if filed after 4 but before 6 months.
8. 25% if filed after 6 months.

Key Points to Remember

1. Employee Deductions and Employer’s contributions in PF PF is contributed by both employee and employer.
2. Bank account, Aadhaar should be linked to UAN.
3. All Individuals can be enrolled under PF benefits (if you have updated for Form2).
4. A part of the employer contribution goes into an Employee Pension Scheme (EPS) for pension after retirement.
5. Withdrawal can be done only if you have any genuine reason and by following certain format like retirement, unemployment, purchasing home, education after marriage, medical emergencies etc.
6. Complete withdrawal of EPS is permitted after 10 years of service.

Advantages GarudaMudra for PF Return:

1. Expert Team – We are a dedicated team of experts in PF return filing.
2. Pocket-Friendly Services – Best in class services at pocket-friendly prices.
3. Client-Oriented Process – We work to adapt processes according to your business requirements.
4. Flexible process – Open to client inputs and adjustments for betterment of the result.
5. 10,000+ Clients TrustUs – We’re so proud of having served thousands of happy customers.