Provident fund is a social security system that was introduced for the purpose of encouraging savings among employees, so as to benefit them during the course of their retirement.
All employers having PF registration are responsible to file returns on a monthly basis.
The filing of returns must be completed by the 25th of each month.
The following are forms to be filed by employer:
Form 5
Form 5 is a monthly report which contains details pertaining to the employees who have been newly enrolled into the provident fund scheme.
The form must include the following details:
- Name of Organization
- Address of organization
- Code number of organization
- Account number of employee
- Name of employee
- Name of the husband/father
- Date of Birth of the employee
- Date of joining
- Track record of work
Note: The form must be filed and stamped by the employer, with the date of filing of form.
Form 10
Form 10 is a monthly report that contains details of the employees who have ceased to be a part of the scheme on a given month. The following details must be filled in the form:
- Account number.
- Name of employee.
- Name of the father or husband.
- Date of leaving service.
- Reason for leaving service.
Note: The form must be filed and stamped by the employer, with the date of filing of form.
Form 12A
Form 12A is a report that includes the details of the payments contributed to the account of the respective employee in a particular month.