EPF/ ESI Returns
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Start Your EPF/ESI Returns Here
Get easy EPF and ESI return process initiated for your employees, Our service will ensure compliance, accuracy, and efficiency, along with real-time tracking and detailed reports..
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- Regd Office: Kalamassery
- Services available @Edavanakad & Panayikulam
- +91 8281 355 673
- info@outbay.in
Simplify Your EPF/ESI Return Process with OUTBAY
OUTBAY has streamlined ESI return process and EPF by simplifying features that facilitate easy management, tracking, and real-time reporting while saving time and lowering complexity, which help ensure compliance with legal standards. This increases accuracy and productivity by streamlining employee data, claims, and contributions for organisations.
What Is EPF & ESI Returns?
This involves submitting returns on a regular basis on records pertaining to Employee Provident Fund (EPF) and Employee State Insurance (ESI) schemes. EPF returns are required as, in addition to encouraging the provision of benefits for employees, employers may wish to comply with the law.
Returns for Employee Provident Funds (EPF):
The monthly and annual statements that the employer submits to the Employees Provident Fund Organisation are known as the Employees’ Provident Fund Returns. The employer and employee contributions to the provident fund are described in detail in these reports.
Return of Employees’ State Insurance (ESI)
The Employees’ State Insurance Corporation receives the biannual and annual reports that ESI submits. Employer and employee contributions to the ESI plan are documented in these statements.
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Our EPF/ESI Returns Services Include:
- Document Collection
- Form Preparation
- Validation and Verification
- Timely Filing
- Correction of Errors
- Compliance Management
- Real-Time Tracking
- Automated Reminders
- List Item
- Detailed Reporting
Frequently Asked Questions
What are EPF returns and who needs to file them?
EPF returns are periodic reports submitted by employers to the Employees’ Provident Fund Organisation (EPFO) detailing the contributions made towards the provident fund for their employees. Employers with 20 or more employees are required to file these returns to ensure compliance with the EPF Act.
What are ESI returns and who is required to file them?
ESI returns are periodical returns submitted by the employers to the Employees’ State Insurance Corporation detailing the contributions made towards the ESI scheme for the employees. An employer having 10 or more employees whose salary does not exceed ₹21,000 per month is mandatorily required to submit these returns so as to not violate the provisions of the ESI Act.
What is the procedure for filing EPF returns online?
To file EPF returns online, an employer needs to:
- Log in to the EPFO portal using their credentials.
- Navigate to the ‘e-Return’ section and select the appropriate return form (e.g., Form 3A, Form 5, etc.).
- Fill in the required details, including employee contributions, employer contributions, and other relevant information.
- Upload the necessary documents and verify the entries.
- Submit the return and generate the challan for payment, if applicable.
- Download the acknowledgment receipt for future reference.
What is the procedure for filing ESI returns online?
To file ESI returns online, an employer needs to:
- Log in to the ESIC portal using their credentials.
- Navigate to the ‘Monthly Contribution’ section and select the appropriate return form.
- Fill in the required details, including employee contributions, employer contributions, and other relevant information.
- Upload the necessary documents and verify the entries.
- Submit the return and generate the challan for payment, if applicable.
- Download the acknowledgment receipt for future reference.
What penalties can be imposed for late filing of EPF and ESI returns?
Penalties for late filing of EPF and ESI returns include:
- Late fees: ₹50 per day for each day of delay, subject to a maximum of ₹5,000.
- Interest: 1.25% per month on the outstanding amount for EPF returns and 12% per annum for ESI returns.
- Legal action: Continued non-compliance can lead to prosecution and further penalties under the respective acts.