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PF Return Filing

The Employees Provident Fund and Other Regulations Act, 1952 governs the EPF (Employee Provident Fund). Employees in the corporate, government, and public sectors can contribute to the EPF. It is governed by the EPF Employees Provident Fund. All businesses with at least20 or more employees working in the entity must register with the PF or the EPFO. Companies with less than 20 workers can also get PF registration online in India on a voluntary basis. 

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Overview of PF Registration Online in India

The Employees Provident Fund is one of the most popular ways for Indians to save. A total of 20 or more contract workers with security, housekeeping, and labour nature are employed in this capacity. The employee has one month from the date of appointment to register. The company or the entity will have to levy a penalty if it becomes late.

- PF registration online in India is a social security scheme designed to encourage employees to save in order to receive benefits in retirement.

- Every month, the employer and employee collaborate. With certain restrictions, the employee might withdraw PF support at the time of retirement.

- All FPF-registered employers are responsible for filing returns on a monthly basis.

The EPFO's key aims are listed below:

  • It ensures that the employee holding PF account is only having one EPF account.
  • All member accounts should be freely accessible online.
  • Compliance must be simple to achieve.
  • Encouragement and promotion of voluntary compliance.
  • To assure the reliability of internet services and to increase their capabilities.
  • Ensure that organisations adhere to all EPFO laws and regulations on a regular basis.
  • Claim settlement times will be shortened from 20 to 3 days.

Different Schemes Provided by EPFO

  • Employees Provident Funds Scheme 1952 or EPF.
  • Employees Pension Scheme 1995 or EPS.
  • Employees Deposit Linked Insurance Scheme 1976 or EDLI.

Advantages of EPF Registration Online in India

The following can be termed as certain advantages of EPF:

  • It aids in long-term financial planning. There is no need to invest in a single, lump-sum amount. Employees' salaries are deducted on a regular basis, which allows them to save a significant amount of money over time.
  • It can assist an employee financially in an emergency.
  • It can assist an individual in saving money for retirement and maintaining a healthy lifestyle.

Eligibility for EPF Registration Online in India

The following are the eligibility requirements for joining the EPF scheme:

  • Registration for an EPF account is required for salaried employees earning less than INR 15,000 per month.
  • If a company is employing a total of 20 or more employees, it is required by law to enrol in the EPF plan and provide contribution to the same for the employees.
  • Employers with less than 20 workers can participate in the EPF on a voluntary basis.
  • Employees earning more than INR 15,000 can open an EPF account, but they must first acquire permission from the Assistant PF Commissioner.
  • The EPF scheme's requirements apply to the whole country of India, but not the state of Jammu and Kashmir

PF Filing Deadline

  • The deadline for furnishing or filing monthly PF returns with all PF invoices pertaining to the Company Registration or entity and its employees is the 15th day of each month;
  • and the deadline for yearly returns is April 30 of each relevant year.

Documents and Details Required for PF Registration Online in India

The following documents are required for EPF return filing registration:

  • The applicant's name.
  • Identification of the owner, such as a driver's licence, passport, or election card.
  • Or verification of the employer's address.
  • Or the PAN card of the owner.
  • Address Complete information, including the applicant's home address and phone number.
  • A proof of address to the location