The Employee’s Provident Fund (EPF) is a government-backed social security scheme that helps you save money for retirement. The government requires the employee and the employer to contribute a small amount every month to build up a large nest egg when you’re older. Form 11 is an integral part of it that allows employers to check whether their employees are already on board with the program or not.
When you join a company that the EPF Act, 1952 covers, you must fill out a self-declaration form called Form 11. This form helps you establish your previous record regarding contributions to the EPF.
In addition, the form helps transfer any previous PF funds to the new PF account. Previously, employees had to fill out Form 13 when they changed jobs or retired. However, with the introduction of a further modified Form 11, they no longer have to complete this additional step.
It has been revised to require employees to provide the following information.
Employers are expected to give a declaration stating specific facts provided by an employee.
Form 11 is an essential part of the EPF scheme, but it can be a bit tricky to navigate. We’ve made it easy by outlining all the required information: details, document requirements, steps, etc. We hope this helps you throughout your employment journey!