PF Return Filing

Employee Provident Fund (EPF) is a scheme regulated under the purview of Employees’ Provident Fund Organization (EPFO). This scheme has been evolved under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. EPF is a social security scheme that helps employees save a portion of their salary which is returned back to them as a retirement benefit in lumpsum. Such lumpsum amount helps employees to take care their financial needs post retirement.

EPF is applicable in the following cases:

• A factory engaged in any industry having 20 or more persons, and
• Any establishment employing 20 or more persons and
• Class of such establishments which are notified by Central Government

But before notifying any class of establishments with less than 20 employees, the government needs to give a notice of 2 months in official gazette.

• Where the employer & majority of employees of an establishment has agreed mutually to apply for PF to Central PF Commissioner and a notification has been given in official gazette to this effect.

Due date of PF payment and Return

• PF Payment:-
  Contribution towards EPF to be deposited on or before 15th of every month
• PF Return:-
  • Monthly EPF return to be filed on or before 15th of every month