EPF

Combining various EPF accounts through UAN

Corporate Law - Currently UAN (Universal Account Number) has become mandatory for every employee and UAN remains portable throughout the lifetime of an employee and they don't have to apply for PF transfer claims at changing jobs, because merely providing your UAN number to your new employer shall be sufficient so the employees starting their career afre...

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EPF: Process flow for Online Request for Correction in Name, Date of Birth and Gender

Corporate Law - It has been seen that many EPF members are facing problem in seeding Aadhaar with their UAN as there is mismatch in Name, DOB or Gender between Aadhaar data and UAN data. Presently member and employer are required to give joint request to concerned EPFO field office for correction in basic details. ...

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TDS on EPF Balance Withdrawal

Corporate Law - Provisions related to TDS on withdrawal from Employees Provident Fund Scheme, 1952 No TDS in respect of the following cases:- Transfer of PF from one account to another PF account. Termination of service due to III health of member /discontinuation of Business by employer/completion of project/other cause beyond the control of member. If ...

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Practical Understanding of ESI & PF – Present & Future Scenario

Corporate Law - Provident Fund– An act which provides establishment of provident fund, pension fund & deposit linked insurance fund for eligible employee in eligible establishment and factories. 1) Applicability – All establishments employing 20 or more persons (5 or more for Cinema Theaters) are brought under preview of the Employee prov...

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Social Security Agreement signed between India-Japan

Corporate Law - Foreign assignments involving mobility of international workers has always been entangled in the complexities of two legislations. To ease out the hindrances and protect the interest of cross border workers of India and Japan, India has signed social security agreement (SSA) with Japan w.e.f. Oct 1, 2016....

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EPFO lays down provisions to help Pensioners in submitting Jeevan Parmaan with ease

Corporate Law - As per the provisions laid down, pensioners under Employees’ Pension Scheme, 1995 are required to submit Life Certificate annually in the month of November each year. From 2016 facility has been provided for submission of Jeevan Parmaan digitally as authentication for proof of identity of the individual pensioners. In order to obviate t...

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PFRDA rolls out Aadhaar based APY Subscription through eNPS platform

Corporate Law - PFRDA rolls-out Aadhar Powered Digital on Boarding into APY through eNPS platform for wider reach; Benefits of APY@eNPS include paperless registration; No need to visit Bank Branch & to have Banking Id and 24*7 Online En-rollment at the customer’s convenience. Pension Fund Regulatory and Development Authority (PFRDA) has embarke...

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Collections of EPF started with 4 more banks in addition to SBI

Corporate Law - ollections of EPF dues have been started with PNB, Allahabad Bank, Indian Bank, Union Bank of India in addition to State Bank of India through direct online mode. ...

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EPFO to settle claims in 10 days & grievance in 15 days

Corporate Law - Shri Bandaru Dattatreya launches EPFO’s Citizens’ Charter 2017 & e-court management system Citizens’ Charter 2017 to bring transparency and accountability on the part of EPFO The Minister of State for Labour & Employment(IC), Shri Bandaru Dattatreya launched EPFO’s Citizens’ Charter 2017 and e-court management system in ...

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5 steps taken by EPFO for speedy settlement of claims

Corporate Law - The Employees’ Provident Funds Organization (EPFO) has taken various steps for speedy settlement of claims which inter alia include: 1. Composite Claim Form (Aadhaar) and Composite Claim Form (Non-Aadhaar) has been introduced by replacing the erstwhile Claim Forms No. 19, 10C and 31, with a view to simplify the submission of claims by t...

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Belated deposit of employees contribution to PF / ESIC is not allowable

Kalyan Silks Trichur (P) Ltd. Vs. Joint Commissioner Of Income Tax (Kerala High Court) - The solitary common issue that arose in these appeals was with regard to the legality of dis-allowance of deduction made towards belated deposit of employees contribution of Provident Fund/Employees State Insurance. A reading of the order passed by the Tribunal shows that the first appellate authori...

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Deduction u/s 43B for EPF / ESIC paid after due date

M.V.S Engineering Ltd Vs The CIT (Delhi High Court) - In this case high court held that payment of employees contribution under the Employees Provident Fund and Misc. Provision Act, 1952 and the Employees State Insurance Act, 1948 is allowable if paid before the due date of filing Income Tax Return or filing of Income Tax Return whichever is earlier e...

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Employees’ PF/ ESI Contribution allowable as a deduction u/s 36(1)(va) if paid by due date prescribed therein

ITO Vs. LKP Securities Ltd (ITAT Mumbai) - The decisions by the apex court in the case of Vinay Cement Ltd. (supra) and Alom Extrusions Ltd. (supra) are admittedly with reference to section 43B and, further, qua the scope of the amendments thereto. The deductibility of the employee’s contribution is not regulated by section 43B....

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Dues of EPF, ESIC, etc., if deposited before due date of filing return, is allowable

Tara Jewels Export (P.) Ltd. Vs Assistant Commissioner of Income-tax, 8(3) (ITAT Mumbai) - After considering the rival submissions and perusing the relevant material on record it is observed that the due date for filing the return of income by the assessee under section 139(1) for the relevant year is 30.11.2006. The AO has drawn a chart at page-4 of the assessment order showing the dates...

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Apprentices are ‘regular employees’ for EPF coverage

A decision of the EPF Appellate Tribunal, North Delhi, that the term “employee” was defined in the Payment of Bonus Act as regular workers which included apprentices, was upheld by the Madurai Bench of the Madras High Court. Rejecting the contention...

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No need to upload scanned copy of PAN Card during EPF Registration

No. CAIU/011(2)2018/PAN card/16815 - (08/01/2018) - At the time of registration of an establishment, employer has to upload digitally signed copy of PAN card. There is a mandate of Ease of Doing business to eliminate the requirement of submitting scanned copy of PAN card at the time of registration....

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EPFO targets Zero current default by 31.03.2018

No. CAIU/011(1)2018/Zero Default/16816 - (08/01/2018) - Real Time Default Management System is in operation in EPFO for reducing current default of establishments. New Enforcement Officers are also being provided to Regional Offices after completion of their training for effective default reduction....

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Clarification on Monthly EPF return to be filed by Exempted Establishments

No. C-Ex/Ex - Return/2013/Vol. II/15920 - (19/12/2017) - It is hereby clarified that Part -E shall contain the information related to the actual investments and other receipts/payments made in the wage month with which the online return For example in monthly return of March 2017, Part - E will contain the actual contribution receipts, payments and detail...

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Submission of original cancelled cheque with offline EPF claim forms

No. Manual/9(3)2016/Settlement of Claims/21003 - (13/12/2017) - It has been decided that irrespective of the amount, the EPF claimant should submit cancelled cheque in original (containing claimant's name, bank account number & IFS Code of the bank branch printed on it) with all type of claims. ...

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Documents for Change of Date of Birth of EPF Members

No. Pension-I/Instructions/Guidelines/2017/20825 - (12/12/2017) - It was decided to follow the following process for change of date of birth of members of Employees' Pension Scheme 1995-(i) In case the correction required in date of birth is upto plus or minus one year, Aadhaar will be accepted as a valid document for date of birth....

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Recent Posts in "EPF"

No need to upload scanned copy of PAN Card during EPF Registration

No. CAIU/011(2)2018/PAN card/16815 (08/01/2018)

At the time of registration of an establishment, employer has to upload digitally signed copy of PAN card. There is a mandate of Ease of Doing business to eliminate the requirement of submitting scanned copy of PAN card at the time of registration....

Read More

EPFO targets Zero current default by 31.03.2018

No. CAIU/011(1)2018/Zero Default/16816 (08/01/2018)

Real Time Default Management System is in operation in EPFO for reducing current default of establishments. New Enforcement Officers are also being provided to Regional Offices after completion of their training for effective default reduction....

Read More

Combining various EPF accounts through UAN

Currently UAN (Universal Account Number) has become mandatory for every employee and UAN remains portable throughout the lifetime of an employee and they don't have to apply for PF transfer claims at changing jobs, because merely providing your UAN number to your new employer shall be sufficient so the employees starting their career afre...

Read More
Posted Under: Corporate Law |

Belated deposit of employees contribution to PF / ESIC is not allowable

Kalyan Silks Trichur (P) Ltd. Vs. Joint Commissioner Of Income Tax (Kerala High Court)

The solitary common issue that arose in these appeals was with regard to the legality of dis-allowance of deduction made towards belated deposit of employees contribution of Provident Fund/Employees State Insurance. A reading of the order passed by the Tribunal shows that the first appellate authority confirmed the order of dis-allowance ...

Read More

Clarification on Monthly EPF return to be filed by Exempted Establishments

No. C-Ex/Ex - Return/2013/Vol. II/15920 (19/12/2017)

It is hereby clarified that Part -E shall contain the information related to the actual investments and other receipts/payments made in the wage month with which the online return For example in monthly return of March 2017, Part - E will contain the actual contribution receipts, payments and details of the investments made between 01 Mar...

Read More

Submission of original cancelled cheque with offline EPF claim forms

No. Manual/9(3)2016/Settlement of Claims/21003 (13/12/2017)

It has been decided that irrespective of the amount, the EPF claimant should submit cancelled cheque in original (containing claimant's name, bank account number & IFS Code of the bank branch printed on it) with all type of claims. ...

Read More

Documents for Change of Date of Birth of EPF Members

No. Pension-I/Instructions/Guidelines/2017/20825 (12/12/2017)

It was decided to follow the following process for change of date of birth of members of Employees' Pension Scheme 1995-(i) In case the correction required in date of birth is upto plus or minus one year, Aadhaar will be accepted as a valid document for date of birth....

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Complete Compliance Audit of Exempted/ Relaxed Establishments by 31.12.2017: EPFO

No-C-Ex/Misc/Comp.Audit/2015/19761 (05/12/2017)

It has come to the notice that some of the field offices have not yet completed the task of Compliance Audit of the Exempted/ Relaxed Establishments falling under their territorial jurisdiction by a special drive. Therefore, it is again reiterated to complete this exercise by 31st December, 2017 positively and report to Head Office by e-m...

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EPFO: Timeline for Online Filing of Monthly Returns by Exempted Establishments

No. C-Ex/Ex—Return/2014/19536 (01/12/2017)

The provisions of online filing of returns in the prescribed proforma shall also be applicable to establishment which have been granted exemption by an order of the Regional Provident Fund Commissioner for individual employees under the provisions of Paragraph 27 of the Employees' Provident Funds Scheme, 1952....

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Features of Facility to Consolidate Multiple PF Accounts of an Employee

No. R-1/OEOA/2016/385 (01/12/2017)

A facility has been provided to the members to merge their earlier PF Accounts to the current PF account so that EPFO may help them in the integration of all these PF accounts in the Current UAN activated PF account. ...

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