What is PF Return Filing Monthly?

What is PF Return Filing Monthly?

 

PF Return Filing Monthly, Provident fund is a social security scheme created by the government to encourage saving among employees and to provide them benefit after retirement in the form of monthly pension. Every working employer or employee needs to contribute some percentage of his or her salary towards provident fund monthly to get PF benefit. PF contributions can only be withdrawn by employees after the age of retirement.

All employers registered under provident fund scheme must file PF returns on monthly basis before 25th of every month.

How Can I Return my PF?

There are 12 steps to PF rerun filing process you need to know step by step process

Step 1: Login to EPFO portal sing your credentials:

Once logged in, you can check the details of Establishment ID, Establishment Name, Exemption Status (PF, Pension, EDLI), Establishment Address and PF office.

Step 2: To upload ECR, go to Payments tab >> ECR UPLOAD

Step 3: On next screen, ECR File Upload, click on (ECR Help File) to view the ECR file format

That will appear as shown below: To upload the ECR, select the Wage Month and Salary Disbursal Date.

Step 4: Select your ECR text file to be uploaded. An ECR text file appears like the one below:

Step 5: Select the remaining fields like File Type (Select ECR), Contribution Rate per cent (Default value is 12%), add comment, and click on Upload Button:

Step 6: Once uploaded, the file will be validated by the portal against the pre-defined conditions.  Once validation is successful, you can see the following screen with ‘Validation Successful’ message:

Click on Verify button to generate Temporary Return Reference Number (TRRN). Note: In case the validation of uploaded ECR file fails, you will get an error message.

Step 7: Generate ECR summary sheet by clicking on ‘Prepare Challan’ button

Step 8: On the next screen, you can adjust “Total EDLI Contributions (ER Share A/C 21)” (if required), enter Administration & Inspection Charges for “Total EPF Charges (A/C  2)” & “Total EDLI Charges (A/C 22).” Once done, click on ‘Generate Challan’ Button.

Step 9: From the challan list page that follows, click on “Finalize” icon after reviewing the Total Amount, under Draft Challan List.  You can also download Acknowledgment File and Receipt File under “In-Process Challan List”.

Step 10:  The finalized ECR (Electronic Challan-cum-Receipt) will look similar to this:

Step 11: Once finalized, you can go ahead and make the payment.  Click on “Pay” button to make the payment:

Step 12: Please select Payment Mode as “Online”, and select the bank from the list from which you wish to make the payment.  Once selected, click on “Continue” and this will navigate you to payment gateway for completing the payment.

What is the due date of PF Return?

Provident fund return (PF) must be filed by all actualities having PF registration each month. PF return is due on the 25th of each month. Further, a final PF return is due on the 25th of April for the year ended on 31st March.

What is PF Form 6A?

Annual PF Return Filing – Form 3A and Form 6A. (PF) Provident fund is a social security system that was founded to financially secure the retirement years of an employee. Under PF, contributions are offered by the employer and the employee every month.

How is PF calculated?

Provident fund (PF) calculation: Since the employee basic is above Rs. 6,500, the specified ceiling for necessary PF Gross, his PF contribution can be calculated as 12% of Basic i.e. Rs. 1,200 in this case. Salary, An employee gets Basic pay of Rs. 3,000 per month & Rs. 3,000 under Special Allowance.

Also Read: One Person Company Registration