The EPF which is the abbreviation of Employee’s Provident Fund (EPF) is sparing plan propelled by Government of India for all representatives who are working in government, open and private division associations. EPF Return It is managed by the Employees Provident Fund Organization (EPFO) of India. Organizations having a representative’s quality of more than 20 are required to get enrolled with the PF office. The organizations can likewise enlist deliberately if the workers are under the age of 20 with the PF division to give the advantage of PF to its representatives. The enlistment must be done inside one month from the date of procuring 20 representatives.
The enrollment methodology is absolutely on the web and every one of the reports required for the same must be submitted in delicate duplicates. A portion of the archives which are required for enlistment are PAN card, scratched off check, association deed, testament of fuse, and so on. The official site of the Employees Provident Fund Organization is www.epfindia.gov.in. Once the organization has made an application for EPF Registration they will get an enrollment declaration alongside a one of a kind number. The organization will likewise get a client id and watchword to work the record on the web and document the profits.
The Return and Compliance
- Once the Organization is enrolled with the PF division than it needs to contribute 12% of fundamental of representative pay towards PF and 12% is to be contributed by the worker towards his commitment.
- The sum contributed by the association and the representative must be kept with the PF division frequently inside the recommended time confine.
- The Chilean of the sum contributed must be kept inside fifteenth of consistently and EPF return must be recorded inside 25 days of the next month.
- It incorporates the points of interest of representatives, its month to month compensation, it UAN number, number of leaves, and so forth.
- A worker joining the firm needs to get enlisted in the PF office by recording the essential frame.
- The strategy for recording of return and installment of Chillan is on the web.
- On the off chance that the sum is saved late than it will pull in a punishment.
What are the advantages of EPF?
Once the representative is enrolled with the PF division by the association were he/she is working will be assigned a Unique Identification Number (UAN). It is produced by the PF division for each worker who is getting enlisted. The representative can check the adjust of their commitment made till date online through this UAN. In the EPF site, the workers can likewise their passbook and check the commitment month astute. PF Return If a worker has left the association and joined another association that he can exchange the adjust to another business. On retirement, the worker can pull back the measure of PF contributed by them.