Overview
The Employees’ Provident Fund (EPF) is a social security scheme regulated by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It ensures financial stability for employees after retirement by requiring both the employer and employee to contribute a fixed percentage of the employee’s salary each month. Filing EPF returns is a mandatory compliance for all employers registered under the EPFO.
Every organisation employing 20 or more people must register under EPF and file monthly and annual returns to report contributions. The return contains essential details such as employee-wise salary, EPF contributions, and deductions. These returns are submitted online through the EPFO portal using the Unified Portal for Employers.
Non-filing or delayed filing of EPF returns can result in penalties and interest, and may also affect employees’ benefits like withdrawals, pension, or transfer of funds. Hence, timely and accurate filing is crucial to maintain compliance and employee trust. Employers must ensure all payments and challans are reconciled before filing returns each month.
At BizGlobal, we handle the complete process of EPF registration, monthly contribution calculation, challan generation, and return filing. Our professionals ensure accuracy, timely submission, and compliance with EPFO regulations so that your business remains penalty-free and employees receive their benefits seamlessly. With BizGlobal, EPF compliance becomes completely stress-free and efficient.