PF (Provident Fund) Payment refers to the monthly contribution made by both employer and employee towards the Employees’ Provident Fund (EPF).
What is EPF Payment?
EPF is a savings scheme where a small portion of an employee’s salary is saved every month to help them after retirement. The employer is responsible for making these PF payments to the EPFO (Employees’ Provident Fund Organisation).
How to Pay EPF Online: Step-by-Step
Employers need to follow this process to make EPF payments online:
Step 1: Log In
- Visit the EPFO ECR portal: https://unifiedportal-emp.epfindia.gov.in
- Use your Employer ID and password to log in.
Step 2: Upload ECR
- Prepare and upload the ECR (Electronic Challan-cum-Return) file with employee details and PF amounts.
Step 3: Generate Challan
- After uploading, generate the challan and verify all the payment amounts.
Step 4: Make Online Payment
- Click on “Pay” and choose your bank from the list of integrated banks.
- Complete the payment through net banking.
Step 5: Save Acknowledgement
- Save or print the payment receipt or acknowledgment for your records.
How to Check PF Payment Status (for Employees)
- Visit: https://passbook.epfindia.gov.in
- Log In using your UAN (Universal Account Number) and password.
- Select Member ID and view your PF passbook.
- It will show all monthly contributions and employer payments.
Key Points to Remember
- PF payments are due by the 15th of every month.
- Employers must register their establishment on the EPFO employer portal.
- Late payments attract penalties and interest.
- Employees should activate their UAN to check balances online.
Simple Example
If your basic salary is ₹20,000:
- You contribute 12% = ₹2,400
- Your employer also contributes 12%, of which 8.33% goes to pension, and 3.67% to EPF
- This amount gets deposited into your EPF account every month.
