Employee’s Provident Fund (EPF) Compliances
This scheme is a compulsory contributory fund aimed at providing social security and retirement benefits to the employee. Employee contributes 12% (10% in certain cases) of the salary towards the scheme and an equal contribution is made by the employer. In the case of female employee, contribution rate from both employees and the employer is 8%.
EPF requires numerous Compliances which are prescribed under EPF Act. These are compulsory compliances that need to be complied timely as per the applicable “EPF Provisions”. If an organization fails to comply with the applicable provisions, penalties and fines shall be charged against the organization.
Applicability of Returns
- Only once at the time of initial coverage
- Within 15 days of commencement
- Details of Employees
- Before 25th of next month
- Details of new enrolled employees
- Before 15th of next month
- Details of employees leaving service
- Before 15th of next month
- Total number of employees under EPF.
- Triplicate Challan
- Annual return filed by 30th April
- Month-wise contribution made by employee and employer
- Annual return filed by 30th April
- Consolidated Annual Contribution
- Filed by employee at the time of joining
- Nomination & Declaration under EPF Scheme
- Partial withdrawal of Funds
- Withdrawal only in specific situations
- Claim final settlement of old EPF account
- Applicable to employees not having UAN
- Filled to save Tax
- For Senior citizens – FORM 15H
Frequently asked questions (FAQs)
Employees’ Provident Fund (EPF) is a saving scheme introduced by the EPFO under the direction of the Government of India. This Scheme encourages the practice of saving money to build a substantial retirement benefits.
- Every factory engaged in industry which is specified in Schedule 1 and 20 or more persons are employed.
- Organizations employing 20 or more persons or class of such organizations which are notified by the Central Government.
- Organizations which are notified by the Central Government even if employing less than 20.
- Employee’s Salary must be less than Rs 15000.
- PAN Card
- Identity proof
- Address Proof of registered
- Copy of Certificate of Incorporation / Partnership deed / Society Registration Certificate
- MOA & AOA / Copy of rules & objects
- Salary details of employees’
- Balance sheet
- Cancelled cheque
- Details of employees for Universal Account Number (UAN) allotment.
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- Aadhar card
- PAN Card
- Details of Bank account
- Contact number & Email Id
- Date of Birth
- Designation of employees’
- Employers’ Registration
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- Create User ID & Password
- Enter basic details
- EPF Registration
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- Fill the mandatory details
- Obtain DSC
EPF Form 5 is filed every month by an employer, by mentioning the details of new employees’ employed (last month) & who are eligible for EPF services. Click here to read more in detail.
EPF Form 5 is to be filled by the employer before 15th of every month mentioning all the eligible details of new joining in the organization during previous month. Click here to read more.
Yes, it is mandatory to file EPF Form 5 for every organization who are eligible and covered under EPFO every month. Click here to read more.