Employees Provident Fund or EPF is a social security scheme offering retirement benefits, run and managed by the Employees Provident Fund Organisation (EPFO). The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 mandates a company with 20 or more employees to be registered with EPFO.
Both employers and employees need to fill up specific forms to complete EPF-related formalities like notification, contribution, withdrawal, and more. EPF Form 5 is one such form submitted by employers. Take a better look at details related to the form.
Companies have to fill Form 5 for PF on a monthly basis to notify the EPFO about new employees. Organisations registered under EPF scheme are required to submit the details of their new employees to confirm whether they can avail the benefits of EPF.
EPF Form no 5 also determines the eligibility of a fresher employee to become a beneficiary of EPF scheme. Other schemes for employees extended by the EPFO include Employees’ Pension Fund and Employees’ Deposit Linked Investment (EDLI).
As the EPF scheme is available for employees with a monthly salary not exceeding Rs.15,000, employers can use PF Form 5 to supervise on the number of new employees recruited in a month.
Form 5 PF is applicable only to those employees who do not have a prior EPF account. PF form 5 thus facilitates the enrolment of a newly employed individual as a member of EPFO.
Form 5 download can be done on the official website of EPFO in .pdf format. Employers can print the form and provide relevant details for submission.
Only employers are allowed to fill up PF Form 5. They have to submit this form every month to notify the EPFO about new employees.
The form needs to be submitted even though no new employee has joined in a month. Companies have to mention ‘NIL’ on the form under employee details in case there is no new recruitment in a given month.
The EPF Form no 5 aims to record the initial information of employers and new employees. It is a part of Paragraph 36(2) of the Employees’ Provident Fund Scheme, 1952.
PF Form 5 contains the following sections that employers have to fill up and submit.
The form needs to be signed and stamped by the organisation. Proper date of filing the EPF Form no 5 has to be mentioned by employers as well.
Employers have to update Form 5 every month to inform EPF authorities about new recruitments. The deadline for submission of this form containing the details of a new employee is the 25th day of the month succeeding the month of employment.
PF Form 5 filled sample – a company hires an individual with no prior employment or EPF enrolment on 15th October of a particular year. Employers have to submit EPF Form 5 by 25th November of the same year.
Timely submission of employee details to EPF authorities ensures that the new employee database remains updated. It also helps the authorities to extend EPF services to beneficiaries.
Employers are required to submit EPF Form no 5 to the region’s EPF Commissioner. Employees Provident Fund Organisation (EPFO) has 135 offices all over India.
Employers can thus contact their regional EPF office to notify the EPF Commissioner of new employment in their organisations.
Individuals have an option to rectify errors in Form 5 details. Employees can contact their employer regarding EPF Form 5 for name correction, among other details.
Employees have to furnish the following documents for rectification of details –
The following steps would help an employee apply for rectification in Form 5 details-
Employers have to submit the rectified forms to their local EPFO office. They also have to apply to EPFO field offices requesting corrections of errors.
Employers have to fill up and submit a host of other EPF forms, besides Form 5. They are as follows-
Forms Submitted by the Employers | Purpose of Submission of EPF Forms |
Form 10 |
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Form 3A |
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Form 12A |
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Employers should fill up these forms so that employees enjoy benefits accompanying EPFO membership. PF Form no 5, above all, helps EPFO assign a Universal Account Number or UAN to a member. The UAN remains the same throughout a member’s employment, but the member identification number changes whenever a member switches jobs.