PF Return Filing
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About PF Return Filing
To promote the attitude of savings amongst the employees and also to benefit them during retirement a social security system of Provident fund was introduced. Contributions towards the PF are made by both the employer as well as the employee every month. The contribution made towards the PF can be only drawn by the employee only during the time of his or her employment, but there are a few exceptions. The employers that have PF registration have to file the PF returns monthly.
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PF Return Filing FAQ's
All the employers who have obtained PF registration are required to do PF return filing on monthly basis. The PF returns are to be filed by the 15th of each month on the unified portal.
The employer and the employee both have to both contribute 12% of the basic salary of the employee in the EPF account.
You cannot apply for withdrawing the EPF account balance immediately after the resignation from the company. In case if the applicant is choosing to withdraw money in the PF account before completing 5 years, you will liable to pay tax on the amount.
When the employee applies for EPF it takes 5-30 days to get the PF amount into the bank account. But the time depends on how fast the EPFO officer clears the claim. Some EPFO office clears the claim in 5 days while some take more days.
The due date for monthly PF returns is the 15th of the subsequent month.
The due date for Monthly Challan remittance to the Bank for PF is the 15th of every month.
The due date for yearly return filing is the 30th of April every year.