PF Consultancy

Employees’ Provident Fund (EPF), is a retirement benefit scheme for employees, governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 and managed by the Employees' Provident Fund Organisation (EPFO).

Applicability for Factory or Company

PF registration is mandatory for:

• Any factory employing 20 or more employees.
• Any establishment, including factories, employing 20 or more persons across India.

Note: Voluntary registration is allowed even if the number of employees is less than 20.

Under EPF:

Both employer and employee contribute 12% of the employee's basic wages + DA each month. The employee’s contribution (12%) goes entirely to the PF account. The employer’s contribution (12%) is split as:

• 3.67% to PF
• 3.67% to PF

PF Challan (Monthly Return & Payment)

After deducting and calculating PF, the employer has to:

• Generate and pay PF Challan monthly.
• The payment includes:

Employee Contribution (12%)

Employer Contribution (3.67% to PF + 8.33% to Pension)

EDLI (0.50%)

Admin Charges (0.50%)

• Due Date for PF Payment: On or before 15th of every month for the previous month.