EPFO covers all the organizations that have 20 or more employees. These organizations need to provide EPF services to the eligible employees and contribute to their Employee Provident Fund, Employee Pension Scheme, and Employees Deposit Linked Insurance. For this purpose, they need to inform the EPFO about new joiner who are eligible for EPF services every month by filling Form 5 and submitting it to the regional EPF Commissioner.
Overview of the form
|Purpose||Submission of details of first-time members of EPFO in a particular month|
|Eligibility Criteria||The employer should be under EPFO jurisdiction|
|Who needs to fill it||Employer |
|When it is filled||Every month (New employee details need to be submitted by 25th of the next month)|
EPF Form 5 is extremely important for a new joiner who have not had previous experience with the employees’ provident fund. With the help of this form, new members can avail of the benefits offered under the provisions of EPF, without which their social welfare and security would be incomplete. It also helps the employer to keep a track of new employees and ensure that every member is covered under EPFO rules.
Components of EPF Form 5
EPF Form 5 contains the following sections that employers have to fill up and submit-
How to Fill EPF Form 5?
The employer is required to fill EPF Form 5 and mention all the details of the new employee. They can take the details from Form 2 (nomination details) and Form 11 (basic EPF details).