You can easily complete PF Return Filing firm registration online through Compliance Gurukul. For a sole PF Return Filing registration, only the PAN & Aadhaar card of the business owner is required. We can help you obtain the following registrations in less than 15 days:
Once, you have registered for the PF Return Filing firm registration online on Compliance Gurukul, please follow the steps below and upload the following documents by logging into Compliance Gurukul Software.
Employee Provident Fund (PF) return filing is a fundamental responsibility for establishments with PF registration. Ensuring compliance with monthly filing requirements and meeting the provident fund due date is essential to avoid penalties and maintain statutory adherence. At Compliance Gurukul, we recognize the significance of this obligation and stand ready to assist you every step of the way. Our team of experts is dedicated to providing comprehensive guidance and support throughout the EPF return filing process, empowering you to fulfil your regulatory obligations easily and confidently.
The EPF Scheme, established by the government, is a social security initiative to promote savings among employees and ensure post-retirement benefits such as pensions. Through regular contributions deducted from their salaries, employees accumulate savings over time. Upon retirement or leaving their jobs, these savings can be accessed as a lump sum payment.
Under the EPF scheme, employers and employees contribute 12% of basic pay. While 3.67% of the employer's contribution is directed to the employee's EPF account, the remaining 8.33% is allocated to the Employees Pension Fund (EPF).
Employees can withdraw EPF amounts upon retirement (at or after 58 years of age), unemployment for two months, or in the event of death before the specified retirement age.
PF registration refers to the process by which an establishment or employer enrols with the Employees' Provident Fund Organization (EPFO) to participate in the Provident Fund (PF) scheme.
PF filing involves submitting detailed reports to the Employees' Provident Fund Organization (EPFO). PF filing is compulsory for employers registered under the Provident Fund scheme. It must be carried out on a monthly basis, with the deadline set for the 25th day of each month. It is essential to pay and file returns before the specified provident fund due date to avoid penalties.
Employers are required to submit various data points for return filing, including the total amount of contributions made by both the employer and the employee, details of employees covered under the scheme, as well as their PF account numbers and other relevant information.
Regularly filing returns offers numerous benefits for both employers and employees, which include:
Filing Returns on Provident fund due date is a legal obligation, and adherence ensures avoidance of penalties and fines for non-compliance.
PF contributions are eligible for tax deductions. Consistent PF filing facilitates employers in claiming these tax benefits, contributing to overall financial efficiency.
PF contributions form a crucial component of an employee's social security. Consistent return filing guarantees that these contributions are accurately recorded, safeguarding employee financial security.
Regular filing of returns enables employers to maintain systematic records of employee PF contributions. This organized approach simplifies the tracking and managing of employee benefits, fostering efficient.