EPF return filing services in Siliguri In order to encourage the practice of saving among employees and to help them in their retirement, a social security program of Provident Fund was implemented. Both the employer and the employee are obliged to make a monthly contribution to the PF, and the employee can only access the money deposited in the PF during their time of employment, apart from a few exceptions. Employers with PF registration must submit their PF returns every month by the 25th. In this discussion, the different forms that are used for PF return filing will be examined in detail.
Employers can easily submit their PF returns through the Unified portal. Form 2 Form 2 must be submitted as a declaration and nomination under the Flagship scheme of the Employment Provident Fund and the Employment Family Pension Scheme. It is mandatory for employees joining the establishment to submit this form along with Form 5. Form 2 is divided into 2 different parts.
Part A Part A of Form 2 is concerned with nominating who will receive the EPF account balance if the account holder passes away. This part of the form requires the following information to be provided: Name Address Relationship with the subscriber Age Sum of the money that is to be paid to the nominee Guardian Details ( In case the nominee is a minor) This Part has to be signed or needs to have a thumb impression to be made at the end of the section. Part The information about the nominee stated in Part A must also be included in Part . Furthermore, the details of those who are qualified for the children/widow pension should be provided.
This part must be properly signed or a thumbprint must be placed at the end of this section. Form 5 Form 5 is a report that is compiled on a monthly basis and provides information on all employees who have newly joined the company’ provident fund program. This report must include the following particulars: Organization’ Name Address of the Organization Code of the organization Account number of the Employee Name of the employee Middle Name (Husband/Father) Date of birth of the employee Date of joining Track record of the work. The form is to be filed and stamped by the employer with the date of filing mentioned on it.
Form 10 This is a monthly report that contains information regarding the employees who have left the program in that particular month. Form 10 includes the following details. Account Number Name of the employee Name of the father or the husband Date of leaving the service Reason for leaving service. Form 10 must be filed and stamped by the employer with the filing date of the form.
Form 12A This Form 12 A is a report that provides information about the money that was deposited into an employee’ account during a certain month. Annual PF Return Filing The annual PF returns must be submitted by April 30th of each year and the forms used for filing must be completed. Form 3A Form 6A Form 6A Form 6A is an annual summary of contributions made by each member of the organization. It must include the following information: Account number Name of the members of the subscriber Wages, retaining allowance if there is any, and the D.A that includes the cash value of the food concession that is paid during the currency period.
The amount of contribution that is deducted from the wages. Employer’ contribution (Both EPF and Pension) Refund of the advances Rate of the higher voluntary contribution (If there is any) Remarks Besides this, the following details should also be included in the amount remitted column: The month of the contribution The remitted contribution that includes the refund of the advances EDLI Contribution Pension Fund Contribution Administrative charges Aggregate contributors.