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BRIEF ABOUT RETURNS

1. PF Return (Provident Fund Return):

  • Purpose: The PF return is filed by employers to report details of employees' provident fund contributions, both employer and employee contributions.

  • Frequency: Typically filed on a monthly basis.

  • Filing Authority: The Employees' Provident Fund Organization (EPFO) manages PF returns.

2. ESI Return (Employees' State Insurance Return):

  • Purpose: Employers file ESI returns to report and remit contributions made towards employees' state insurance, which provides healthcare benefits to employees.

  • Frequency: Filed on a half-yearly basis.

  • Filing Authority: The Employees' State Insurance Corporation (ESIC) manages ESI returns.

3. TDS Return (Tax Deducted at Source Return):

  • Purpose: TDS returns are filed by deductors (individuals or entities making payments) to report tax deducted at source on various types of payments, such as salaries, interest, rent, and more.

  • Frequency: Filed quarterly or annually, depending on the type of deductor.

  • Filing Authority: The Income Tax Department governs TDS returns.

4. Income Tax Return (ITR):

  • Purpose: ITR is filed by individuals, businesses, and other entities to report their income, deductions, and tax liabilities for a specific financial year.

  • Frequency: Filed annually.

  • Filing Authority: The Income Tax Department is responsible for ITR filings.

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