EPFO Compliance Services

Employees' Provident Fund Organization (EPFO) compliance is crucial for establishments employing 20 or more individuals, governed by the EPF Act, 1952. This statutory obligation ensures social security and financial stability for employees by facilitating retirement savings, insurance, and pension benefits.

Key EPFO Compliance Requirements

• Employee Registration: Enrolling eligible employees under the Provident Fund (PF) scheme.

• Monthly PF Contribution Filing: Depositing employer and employee contributions by the 15th of each month.

• Form Filings: Submission of mandatory forms such as Form 5A (employer details) and Form 12A (monthly contribution details).

• Annual Filings: Ensuring timely submission of annual returns.

Penalties for Non-Compliance

• Interest: 12% per annum on delayed contributions.

• Damages: Additional penalties ranging from 5% to 100% based on the delay duration.

• Prosecution: Legal action for continued non-compliance.

Benefits of EPFO Compliance

1. Employee Retention: Provide security through retirement and insurance benefits.

2. Legal Adherence: Avoid fines and maintain a compliant business environment.

3. Enhanced Trust: Build goodwill among employees and stakeholders.

Streamline your EPFO compliance with our expert services. Let us handle your filings while you focus on growing your business!