Compliance Related (TDS, PF, PT, ESI, Form 16 etc)

When will my employees get their Form 16?
First, please ensure that 24Q filing is switched on in your Settings. Without 24Q filing, Opfin cannot generate Form 16s. Form 16s are generated from an...
Mon, 19 Oct, 2020 at 1:01 PM
Is PF compulsory?
As an organization, PF registration is compulsory if the employee strength exceeds 20 employees.  As an employee of an organization which is registered ...
Fri, 23 Oct, 2020 at 10:11 AM
Can Opfin handle our PF/ESI/PT/TRACES registration?
TRACES TRACES registration is required by Opfin to download Form 16/16A data. If your organization is currently not registered on TRACES, we can do the ...
Mon, 26 Oct, 2020 at 1:21 PM
When will Opfin pay my TDS/PF/ESI/PT dues?
First thing you should check is whether Opfin has made a deduction for any compliance. The best way to do this is to go to Reports > Ledger. Opfin will d...
Fri, 22 Jan, 2021 at 12:43 PM
How do we register our employees for PF?
Opfin automatically handles your employee PF registration, assuming that you have Opfin configured to handle your PF payments. This configuration can be see...
Wed, 11 Nov, 2020 at 3:39 PM
How are PF contributions calculated?
PF contributions are calculated as 12% of all fixed wages (except HRA). Assuming you have enabled the PF cap under Settings > Payments & Compliance S...
Thu, 4 Feb, 2021 at 3:42 PM
How can I reduce my tax?
There are three primary ways in which employees can reduce their tax liability - If you pay rent, please ensure that Opfin knows that by putting in the...
Sun, 20 Dec, 2020 at 1:40 PM
Can my organization postpone its Tax Deductions verification?
While Opfin verifies all IT declarations in January, some organizations might prefer to do this later. We do not recommend this, since a change (usually a r...
Fri, 25 Dec, 2020 at 11:07 AM
I am an employee and I have received an email that Opfin has changed/removed by tax declaration. Why is that?
Every year, Opfin validates the tax declaration of all employees. This is usually done in the month of January. Before the validation exercise starts, we wi...
Tue, 19 Jan, 2021 at 12:31 AM
How does ESI work?
ESI is government manadated health insurance for employees with a salary below Rs 21,000 per month. It is compulsory for organizations with more than 10 emp...
Fri, 19 Feb, 2021 at 12:50 PM