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The Workers’ Provident Fund Organisation (EPFO) will now enable employers to file digital return-cum-challan (ECR) just for these staff whose Aadhaar numbers are seeded and verified with the common account numbers (UANs).
The ECR facility permits an employer to furnish all statutory details about his staff engaged within the organisation. After furnishing such data, the employer can use the challan course of for fee of the contributions and administrative fees as prescribed.
In response to EPFO’s dashboard, the retirement fund physique had round 6.72 crore contributing members over the past one 12 months and of them, Aadhaar was validated for five.43 crore such members. EPFO is should for institutions having 20 or extra staff. The pay ceiling is Rs 15,000 per thirty days.
The EPFO’s newest transfer follows implementation of part 142 of the social safety code with impact from March 3, 2021, by the federal government. Part 142 of the social safety code consists of the provisions associated to Aadhaar whereby a beneficiary wants to ascertain his identification or the identification of his members of the family through Aadhaar quantity.
“In compliance of the above provision in EPFO, the competent authority has authorised that the ECR shall be allowed to be filed just for these members whose Aadhaar numbers are seeded and verified with the UANs with impact from June 1, 2021,” the EPFO mentioned in a round.
EPFO has requested its discipline places of work to make sure that the members and the employers usually are not adversely affected within the transition part.