All businesses that have registered for employee provident funds, or EPFs, are required to file an EPF return each month. Filing the EPF Returns is required if you have an EPF Registration. Employer and employee contributions to the Employee Provident Fund (EPF) total 12% of base pay over the course of employment. The employee’s EPF account receives a 3.67 percent transfer from the employer. The Employees Pension Fund (EPF) receives the remaining 8.33 percent from the employer. When the employee retires (on or after age 58), if they are jobless for two months, or if they pass away before reaching the designated retirement age, they may withdraw this sum.

Why to opt for PF Return?

Opting for PF return offers range of benefits to the user, which includes:

• Compliance adherence: The law requires that PF returns be filed, and noncompliance can result in fines and penalties.
• Employee Security: A key component of a worker’s social security is their PF contributions, and timely filing of PF forms guarantees that their contributions are correctly recorded.
• Tax Benefits: Employers can claim tax benefits by filing PF returns on a regular basis, and PF payments are tax deductible.
• Systematic Record-Keeping: By filing PF returns on a regular basis, companies may keep track of and manage employee benefits more easily by keeping organized records of their employees’ PF contributions.

Documents required for PF Return

Following are the general documents you will need to regulate the PF Return, however, this list is not exhaustive:

• Employer Contribution to EPF
• Employee Contribution to EPF
• ECR Challan [copy]
• Employee’s UAN Details [KYC Compiled].

To know more, visit: PF Return