This can be attributed to the manual calculation of remuneration and dues, which was time-consuming. This article deals with the filing of provident fund returns, and the various forms through which the purpose must be fulfilled. Once the HR policies and structure is setup, we will implement a cloud-based HR solution to manage your payroll and HR. Tax on PF Withdrawal Opening balance of contribution, which includes interest of both employer and employee. File photo used for representational purpose only. Payroll processing and HR management is a highly complex task for most businesses due to the various compliance requirements in India. Source. Checkout the 2019, 2018, & 2017 IRS Form 990 actual and 8868 extension Deadlines. Gross receipts < $200,000, and Total assets < $500,000, Gross receipts ≥ $200,000, or Total assets ≥ $500,000, Private foundation - regardless of financial status. This form is filed for the purpose of declaration and nomination under the flagship schemes of Employees Provident Fund and Employees Family Pension. The date of debit from the employers account may be considered as the date of payment of penal damages. All your HR information and data will be securely stored on the platform for easy accessibility - anywhere, anytime. Form 2 is divided into two distinct parts: Part A of Form 2 specifically deals with nominating the recipients of EPF balance of a particular account holder, in the event of his/her death. Hence, the PF return due date is the same as that of payment. Return Due Date of the PF : On or before the 15th of each month. Form 4720, Return of Certain Excise Taxes under Chapters 41 and 42 of the Internal Revenue Code. All filings may not go beyond the original statutory or regulatory extension date. In case you do not have any HR policies or systems, we will help you implement one. Form 8868, Application for Automatic Extension of Time to File an Exempt Organization Return, may be filed to request an additional extension of time to file to November 15, 2020. Last date for uploading all pending returns by PTRC holder, without any late fee, is extended up to 30th September, 2020. Form 5 is a monthly report which contains details pertaining to the employees who have been newly enrolled into the provident fund scheme. Quarterly statement of TCS deposited for the quarter ending Sep 30, 2020, Statement-cum-challan to declare the details or summary by Composition dealer for tax payable for the previous quarter. However, an employee can pay at a higher rate and in such case employer is not under any obligation to pay at such higher rate. The following details of the nominee must be included in this part of the form: Note: This section must be signed or a thumb impression has to be made at the end of the section. Due Date for filing return by Input Service Distributors. Note 2: Due Date for filling GSTR – 3B which Annual Turnover up to 5 Crore State 2 Group (Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi). Employees earning taxable income are required to file income tax return each year. Forms 5500 with June 30, 2019 – August 31, 2019 year ends receive additional time to file under Notice 2020-23 to July 15, 2020. Reduced Rate Of EPF Contribution & Impact On Stakeholders Annual Return Due Date of PF : Each years on the 25th April. Occurance of delay due to delayed credit in EPFO’s accounts or delayed transacting by the banks will be dealt with in accordance with the banking agreement with the various banks. We were started in 2014 with the mission of making it easier for Entrepreneurs to start their business. Form N-CEN reports should be filed no later than 75 days after a registered investment company’s fiscal year-end. Provident fund payment can be made through the Unified Portal. Now, filing and payments are both done together. Any factory or establishment employing 10 or more persons drawing wages of less than Rs.21,000 per month must obtain ESI registration and comply with ESI regulations. Provident Fund is applicable for all employers in India having more than 20 employees. Employers required to comply under PF regulations must deduct PF from employees, make the requisite contribution and file PF returns. Affected taxpayers are defined in the Notice as any person or organization performing a “time-sensitive action” between April 1, 2020, and before July 15, 2020. Form 3A and Form 6A are the two forms used to file annual Provident Fund return. PTRC return filing due date extended Maharashtra government has further extended due date for filing PTRC returns pending up to tax period June 2020. 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. PF return is due on the 25th of each month. EPF expert team of Online Legal India will help you to file error-free EPF return before meet the due date. All rights reserved.Unless otherwise indicated, all materials on these pages are copyrighted by VERVE Financial Services Private Limited. E.g the due date for January 20X1 will be February 15th 20X1. Upcoming Form 990/990-EZ/990-PF/990-N filing Deadlines and Six Month Extension Due Dates for tax year 2018, & 2019. Under the Notice, calendar year Forms 990, 990-PF and Form 990-T returns due May 15, 2020, are now due on or before July 15, 2020. Form N-CEN. File an extension of time to file on or before July 15, 2020, extending the final due date to November 15, 2020. Taking this into perspective, the EPFO decided to withdraw the grace period that was previously afforded to the employers. Find trademark class for over 8000 goods and services, Guardian details (if the nominee is a minor), Name and address of the factory/establishment, Wages, Retaining allowance (if any) and D.A.