Vivek Tiwari & Co.

PF Return Filing

Overview:

Under the Employees’ Provident Funds (EPF) and Miscellaneous Provisions Act, 1952, there are three types of benefit provided to the employees:
• Contributory Provident fund
• Pensionary Provident Fund provided to the employees or the family members of the employees
• Insurance cover provided to the members of the Provident Fund Scheme.
This act is applicable to every industry which is engaged in the manufacturing of products listed under the schedule and where 20 or more workers are employed. The main objective of the Provident Funds scheme is to help the employees financially by providing a lump sum amount on their retirement. The employees contribute a certain sum of money from their salary income every month towards the Fund in exchange for a fixed amount of money on retirement or early death.

Advantages:

It provides social security to the workers
It provides retirement benefits
It provides age old benefits
It provides money to the family members in case of early death of the employee
It provides tax exemption to the employees under section 80C of the Income Tax Act, 1961.

Process:

1. The employer seeking registration to visit the portal https://www.epfindia.gov.in/
2. Once the home page opens, click on the option ‘Establishment Registration’
3. Download the instructions manual for EPF Registration for employers.
4. On the next page, you should click on the sign up option and in case the employer is already registered then login on the page using id and password
5. After signing up click on the option Registration for EPFO-ESIC
6. On the next page, click on ‘Apply For New registration’.
7. Click on the suitable option ‘Employees Provident Fund and Miscellaneous Provisions Act, 1956’ and then click ‘submit’
8. On the next page fill in the necessary details such as details of employer, employees, establishment details, identity proofs and other relevant details
9. Then click on the option ‘submit’ and complete the process of registration
10. Attach the digital signature certificate of the employer
11. As soon as the registration is complete a confirmation e mail is received on the id of the employer.

Services

Pf Registration
Calculation Of Pf Liability
Preparation Of Monthly Pf Statement
Preparation Of Pf Challan In Ecr File
Maintenance Of Pf Register On Monthly Basis
Submission Of Pf Nomination Form
Preparation Of Form-12a, Form 5 & Form-10.
Maintaining Form No-11.
Processing Of Form 13 And Submission To Pf Department
Processing Of Form 20, 10d And 5(If) In Respect Od Death Claims
Preparation & Submission Of Form-9
Submission Of Withdrawal Forms
Attend Periodical Inspections By Pf Officers & Comply Accordingly

Documents Required:

1. Aadhar Card of the employer
2. PAN Card of the employer
3. Digital Signature Certificate of the employer
4. Cancelled cheque/Bank Statement of the entity
5. Recent electricity bill
6. GST Certificate/Shop and Establishment Certificate/Factory License issued by the Government

Documents Required for registration

1. Form 5A
2. Form 13 Proforma of coverage
3. PAN Copy
4. CST & KST
5. Deed
6. Particulars of Employees’