Question 1

What is PF return filing?

Accepted Answer

All the employers who have obtained PF registration are required to do PF return filing on monthly basis. The PF returns are to be filed by the 15th of each month on the unified portal.

Question 2

What is the PF contribution?

Accepted Answer

The employer and the employee both have to both contribute 12% of the basic salary of the employee in the EPF account.

Question 3

Is PF registration mandatory for individuals earning more than Rs.15,000?

Accepted Answer

PF registration is mandatory for the employees who have a basic salary of dearness allowance is up to 15,000 and for those who are earning beyond Rs.15,000 it is not mandatory to get PF registration.

Question 4

Is it possible to get PF after registration?

Accepted Answer

You cannot apply for withdrawing the EPF account balance immediately after the resignation from the company. In case if the applicant is choosing to withdraw money in the PF account before completing 5 years, you will liable to pay tax on the amount.

Question 5

Is PF transfer required?

Accepted Answer

If the member has more than EPF member ID i.e EPF account and the EPF account of accounts have not been transferred to the latest EPF account, then the member is required to get the PF transferred into the current EPF account

Question 6

How many days it will take to clear the PF amount?

Accepted Answer

When the employee applies for EPF it takes 5-30 days to get the PF amount into the bank account. But the time depends on how fast the EPFO officer clears the claim. Some EPFO office clears the claim in 5 days while some take more days.

Question 7

Can PF be paid online?

Accepted Answer

Offline transfer of the PF may be done only if the transfer from an exempted establishment to another exempted establishment. For other cases, it can be made online.

Question 8

Why is PF transfer required?

Accepted Answer

If a member more than one EPF member ID and the EPF account has not been transferred to the latest EPF account then the member is required to get the PF transferred into his current EPF account.

Question 9

What is the due date for monthly challan remittance to the bank for PF?

Accepted Answer

The due date for Monthly Challan remittance to the Bank for PF is the 15th of every month.

Question 10

What is the due date for monthly PF returns?

Accepted Answer

The due date for monthly PF returns is the 15th of the subsequent month.

Question 11

What is the due date for yearly PF return filing?

Accepted Answer

The due date for yearly return filing is the 30th of April every year.

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