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EPF Compliance

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Rs. 9999

This package includes Consultation and EPF Returns.


Rs. 20999

This package includes Consultation, EPF Returns and GST Return (GSTR-1 or 3B).


Rs. 30999

This package includes Consultation, EPF Returns, GST Return (GSTR-1 or 3B) and Bookkeeping & Accounting


Rs. 62999

This package includes Consultation, EPF Returns, GST Return (GSTR-1 or 3B), Bookkeeping & Accounting, Income Tax Return & Financial Statement, Payroll and ESI & PF Return.

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EPF Compliance

Employee Provident Fund (EPF) is a social security which provide wider benefits to employees on completion of their employment. It is mandatory to file returns on monthly basis by the employer. EPF is mandatory for all companies having above 20 employees.

EPF Contribution

The contributions payable on maximum wage ceiling of Rs. 15000/- by the employer under the scheme are 12% of PF wages. The employer’s contributes 8.33% towards Employees’ Pension Scheme and the remaining 3.67% is contributed to the EPF Scheme. Employer’s contribution towards Employees’ Deposit-linked Insurance Scheme is 0.50% and the administrative charges are 0.50%.

EPF Payment of Contribution and Return

EPF Payment and Filling can both occur simultaneously and has to be submitted by the 15th of every month.

Period
EPF Payment
On or before 15th of every month
ECR Filing
On or before 15th of every month
  •  EPF Payment
  • PeriodOn or before 15th of every month
  •  ECR Filing
  • PeriodOn or before 15th of every month

Records to be maintained for EPF Compliance

  • Form 2 / E-Nomination
  • Form 11
  • Eligibility Register
  • Muster Roll and Wage Register
  • Challans and Returns
  • Obtaining UAN of PF Members
  • KYC up to date of all PF Members
  • Inspection Book
  • Bank Statements, Books of Accounts with supporting
  • The immediate employer (Contractor) is also required to maintain the Employee’s Register for the employees deployed to the principal employer

Consequences of Non-Payment or Late Payment

Non-payment or EPF delayed payment can lead to the following two arrears ensue on the employer:

  • EPF Interst for Late Payment under Section 7Q
    When an employer fails to deposit the EPF contribution before its deadline, then he is liable
    to pay an EPF interest of 12% p.a. for every single day that there is a delay in EPF payment.
  • Penal Damages for Late Payment under Section 14B
    Delay in EPF Contribution by the employer incur the following penal charges
Period of Delay
Rate of Interest in % p.a
Rate of Damages in % p.a.
Less than 2 months
12
5
2 to 4 months
12
10
4 to 6 months
12
15
6 months and above
12
25
  • Period of DelayLess than 2 months
  • ROI in % p.a.12
  • ROD in % p.a.5
  • Period of Delay2 to 4 months
  • ROI in % p.a.12
  • ROD in % p.a.10
  • Period of Delay4 to 6 months
  • ROI in % p.a.12
  • ROD in % p.a.15
  • Period of Delay6 months and above
  • ROI in % p.a.12
  • ROD in % p.a.25

Standard Other Registrations or Licences We Provide

PAN Registration

A PAN or Permanent Account Number is an important document all taxpayers must possess, as mandated in the Income Tax Act of 1961.

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Trademark Registration

A trademark is a unique symbol or word(s) used to represent a business or its products. Once registered, that same symbol or series of words cannot be used by any other organisation, forever, as long as it remains in use and proper paperwork and fees are paid.

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Shops & Commercial Establishment Registration

Shop act registration is to be taken compulsorily to start business establishment. Details of personal employed are to be given on yearly basis.

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Professional Tax Registration

Professional Tax Registration is levied by Municipal Corporations of various states in India. People who carry the profession such as CA (Chartered Accountant), Lawyers, Doctors, Business Owners etc need to pay these taxes. The owner of a business is responsible to deduct professional tax from the salaries of its employees.

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Udyog Aadhar (MSME) Registration

MSME Registration helps you to receive payment on time from large companies as they have to pay MSME Vendor within 45 days. Plus, you get benefit at the time of taking a loan in form of concessional rate of interest.

Learn More
GST Registration

Any person or entity supplying goods or services in India above the aggregate turnover limit (INR 20L for Service and INR 40L for Goods) is mandatorily required to obtain GST registration. For certain businesses such as Interstate Supply, E-Commerce Operators registration under GST is mandatory irrespective of turnover limit.

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TAN Registration

The Tax Deduction and Collection Account Number (TAN) is required for people who are deducting or collecting tax at source. Anyone paying a salary or commission is required to get a TAN.

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FSSAI Registration

Every food business operator (FBO) involved in the manufacturing, processing, storage distribution and sale of food products must compulsorily obtain FSSAI Registration or License. FSSAI Registration is different from FSSAI License in the sense that depending on the size and nature of the business, FBO should obtain the necessary registration or license.

Learn More

Find the Perfect Price
for EPF Compliance
(All Taxes Inclusive, Transparent Pricing)

Plan feature

Basic

Plus

Pro
₹ 9999 ₹ 20999 ₹ 30999
Features
Consultation
EPF Returns
GST Return (GSTR-1 or 3B)3

3 months up to 30 entries
Bookkeeping & Accounting

3 months up to 350 entries
Income Tax Return & Financial Statement6
Payroll
ESI & PF Return
 


Disclaimer:
    • ESI is applicable on minimum 10 employees and whereas PF on 20 employees. PF can be opted under voluntary scheme even if the employees are less than 20.
    • Above packages are applicable where the annual turnover is below Rs. 50 lakhs in Service based business and Rs.1 crore in case of Goods.

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