Thursday, March 29, 2012

Latest on Employees Provident Fund

LATEST ON EMPLOYEES' PROVIDENT FUNDS


EMPLOYEES’ PROVIDENT FUND ORGANISATION
(Ministry of Labour & Employment, Govt. of India)
Head Office
Bhavishya Nidhi Bhawan, 14-Bhikaji Cama Place, New Delhi-110 066
Attention
All Unexempted Establishments covered under EPF
EPFO is introducing e-Challan-Cum-Return (ECR) from April, 2012 for depositing contributions by all employers with a view to provide:

  • Greater transparency
  • Better quality of service to employees
  • Greater convenience and ease to employers
Advantages to all stakeholders

  • Automatic updation of accounts on receipt of contribution by EPFO
  • On-line viewing facility of individual’s statement of account with all credits and debits
  • No need to file returns in Form 3A, 5, 10 and 6A by the employer
  • No need for annual updation of accounts
  • Annual Accounts slips for the year 2011-12 and prior will be e-mailed to all the employers
Action by Employers
Employers are required to register themselves on EPFO website www.epfindia.gov.in for their user ID and Password for filing the Electronic-Challan-Cum-Return (ECR) with effect from 20th March, 2012. 

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