EPF Form 11

PF Declaration Form 11 is essential for transferring EPF accounts or registering new employees, accurately recording past employment and PF information.
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EPF Form 11
OPEN FD
4 mins
25-September-2024

EPF, or Employees' Provident Fund, is a government scheme that helps people save for retirement. Employees and employers both contribute to employees PF account each month which helps employees build a substantial retirement corpus over time. EPF Form 11 is useful for employers to check if the employee is already part of the EPF scheme or not.

What is EPF Form 11?

EPF Form 11 is filled by employees upon joining a company under the EPF scheme. As per the EPF Act of 1952, this self-declaration form mandates employees to share details about their previous EPF account. The form also helps in the automatic transfer of funds from the old PF account to the new EPF account, eliminating the need separately fill Form 13 for PF transfers.

While your EPF contributions are crucial for retirement, it is important to diversify your investments for overall financial stability. Consider booking a fixed deposit (FD) alongside your EPF account to grow your savings with guaranteed returns at potentially higher interest rates.

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By proceeding, you agree to our Terms and Conditions

Purpose of EPF Form 11

  • If the new employee is already a member of Employees’ Provident Fund Scheme, they will receive scheme benefits with a new Member ID.
  • If the new employee was not a member of EPFO, and their current salary exceeds Rs. 15,000 per month, they can choose not to contribute to EPF/EPS, making them an Excluded Employee.
  • The form also helps in the automatic transfer of PF funds from the previous account to a new one.

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How to Fill PF Form 11

You can download Form 11 from the EPF website.

Here the details you need to fill in EPF form 11:

  • Member’s name
  • Father’s name
  • Date of birth
  • Gender
  • Marital status
  • Email Id and mobile number
  • Previous employment details such as the UAN, PF account number, date of exit
  • KYC details like bank account number, Aadhar number, PAN

Additionally, the following documents must be provided by the employer:

  • Employee’s date of joining
  • Provident fund ID number assigned to the employee
  • UAN of the employee
  • Verification of the employee’s details

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EPF Form 11 submissions

  • After filling out Form 11, submit it to your employer.
  • Your employer will sign and stamp your form and will submit it to the regional EPF office.

Also read: How to download EPF passbook

Responsibility of the employer of the establishment

  • Obtain the filled EPF Form No. 11 (new format) declaration from all new entrants within one month. Upload this information on the UAN portal within 25 days from the end of each month
  • Share the UAN details generated by EPFO with all existing EPF members within 15 days of receiving the UAN
  • Link KYC details (PAN, Aadhaar card, and bank account) of members within one month of receiving the UAN
  • If members do not have an Aadhaar card, the employer should submit the ‘Aadhaar Acknowledgement Slip’ within a month from receiving the UAN
  • Upon receiving an employee's Aadhaar information, upload the details on the UAN Portal within 15 days
  • Before submitting claim forms to the EPFO, make sure all the required field are filled

EPF Form 11 plays a crucial role in the Employees' Provident Fund scheme, facilitating the seamless transition of employees into the system. It helps in consolidating previous PF accounts, determining eligibility for scheme benefits, and streamlining the contribution process.

Employers must ensure timely submission and verification of Form 11 to uphold compliance with EPF regulations.

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Frequently asked questions

What is the purpose of Form 11?

Form 11 EPF is a declaration form used by employees to join the Provident Fund and Pension Scheme. Any individual starting a new job in a company that is part of the Employees' Provident Fund and Family Pension Scheme must complete this form.

Is Form 11 mandatory for every employee?

Yes. It is mandatory fill Form 11 when joining a new company.

Where can I find Form 11?

You can download Form 11 from the official Employees' Provident Fund Organisation website.

What happens if Form 11 is not submitted?

If Form 11 is not submitted, the EPF account cannot be transferred to the new employer, leading to potential issues with PF withdrawals and accumulation of multiple accounts.

How to fill Form 11 for PF?

To fill Form 11 for PF, provide personal details, previous employment information, UAN, and KYC details. Ensure all fields are accurately completed and submit it to the employer for verification and processing.

What is Section 11 benefits?

Section 11 of the Income Tax Act provides tax exemptions to charitable or religious trusts and organizations. Income generated from property held for charitable or religious purposes is exempt from tax, provided it is used for the organization’s objectives within India.

What is the PF declaration form?

The PF declaration form, also known as Form 11 EPF, is a document you fill out when starting a new job. It declares your Employee Provident Fund (EPF) history and helps manage your PF account. This form can also be used to automatically transfer your existing EPF account to your new employer.

Can form 11 be submitted online?

While the traditional way involves submitting a physical Form 11 to your employer, you can submit it online if you have a Universal Account Number (UAN). This allows for a quicker and more convenient process.

How can I calculate my EPF amount?

The Form 11 EPF is a self-declaration document. When you start a new job, you fill it out to declare your Employee Provident Fund (EPF) history. This helps manage your PF account and can even initiate an automatic transfer of your existing EPF to your new employer.

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Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.