Provident Fund Pension Form 7 and Form 8
The employers who are exempted from provident fund can generate Form 7 and Form 8 using Cloud India Payroll. These are the annual reports that should be submitted to Employee Provident Fund Organization(EPFO) for every financial year.
Form 7 reports month wise contributions towards pension fund for an employee for the financial year. It contains the following details:
- Personal information
- Monthly wages
- Monthly pension contribution
- Termination details
Form 8 reports the consolidated annual contributions towards pension fund for each employee of the organization. The details include:
- Annual wages
- Annual pension contribution
- Annual total amount
- Month wise total amount
Compliance with statutory requirements.
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