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What is a Provident Fund Return?

The Employees’ Provident Fund (EPF) is a social security system governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, and regulated by the EPFO. Registration is mandatory for establishments with 20 or more employees, but voluntary for those with fewer than 20 employees.

Monthly Payments and Employer Duty

Monthly PF returns are needed from employers with PF registration, and both employers and employees must deposit 12% of wages by the 15th of each month.

Important Provident Fund Points

File PF Return

PF-registered entities must file monthly returns. Monthly returns are due on the 25th of each month, and the annual return is due on April 25 for the year ending March 31.

PF Payment Due Dates

Monthly Provident Fund (PF) payments are due on the 15th. By this day, employers must deposit the required PF percentage of pay.

Due date for Filing PF Returns:

The due date for Monthly Challan remittance to Bank for PF is 15th of Every Month
The due date for Monthly PF returns is 15th of subsequent month
The due date for yearly returns is 30th April every year.

Why Choose My File Tax for Filing PF Returns?

My File Tax is a leading business platform offering comprehensive incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Filing PF Returns with My File Tax is easy, seamless, cost-effective, and quick! In addition to PF returns, we also assist you in filing Income Tax Returns, TDS Returns, GST Returns, and ESI Returns effortlessly. For a free consultation, you can contact us at +91 72074 46677 or email:kbharathca@gmail.com

Choose Your Package

Simple Prices | No Surprises
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ESSENTIAL

999/-
(All Inclusive)

1 PF Return (ECR) upto 10 employees
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ENHANCED

8999/-
(All Inclusive)

One Year PF Returns (ECR) upto 20 employees
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ULTIMATE

13999/-
(All Inclusive)

One Year PF Returns (ECR) upto 50 employees
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Consequences of late EPF return filing

Delay in the deposit of P.F. dues attracts penal damages. Damages are levied at the following flat rates:

Delay of 0 to 2 months– @ 5 % p.a.
Delay of 2 to 4 months – @10 % p.a.
Delay of 4 to 6 months– @ 15 % p.a.
Delay more than 6 months – @ 25 % p.a. (subject to a maximum of 100%)

Details required for PF return

Account number.
Name of employee.
Name of the father or husband.
Date of leaving service.
Reason for leaving service.

How to File PF Returns?

5 Easy Steps

Fill Simple Checklist

Our Compliance Manager will contact you for your documents and a quick checklist. Fill out the checklist and submit with papers. Our experts will verify documents and file PF returns.

Prepare PF Returns

After verifying the documents, we will prepare PF return forms with the specified details for filing. ECR credentials will be used to upload the form to EPFO's site to verify it.

PF Returns filed

After uploading the PF return to the EPFO site and submitting the ECR summary sheet, we will produce the Challan and make the payment. We will notify you of the successful filing.

FAQs on PF Returns

Failure to file EPF returns can result in penalties, interest on late payments, legal action against the business, loss of employee benefits, and reputation damage.

The member is entitled to full interest on the employer's late PF deposit. Even if the employer delays the deposit, EPFO-calculated interest must be credited to the member's PF account.

Employers need employee PF registration and UANs to file EPF returns. They must also keep payroll records and pay employee and employer contributions on schedule.

If you have any queries or need assistance, feel free to contact us at +91 72074 46677 or email us at kbharathca@gmail.com for a free consultation.