Employees Provident Fund Organisation (EPFO) has introduced Electronic Challan Cum Return (ECR) for transparency, quality of service to employees, convenience and ease to employees.
Exempted establishments have the following advantages
No need of giving details of monthly contribution on
pension, last wages and NCP period while submitting the
pension claims. So pension claim settlement becomes
Un Exempted Establishments have the following advantages
The accounts will be updated automatically on monthly basis on receipt of contribution by EPFO
Member's statement can be viewed online
Returns in Form No. 5,9,10, 12A, 3A/6A are not required to be filed
Annual updating of accounts is not required. Interest processing only is to be done at the end of the Financial Year.
Employers can download Annual Accounts slips for the year 2011-12 from the portal.
Authorised Signatories and employers required to
register their establishment on EPFO Website
www.epfindia.gov.in to create their Login ID and
Password to upload the Electronic Challan Cum Return (ECR)
and generating online challan to make remittance.
More details are available on the website of EPFO www.epfindia.gov.in.
Hope the EPF department will work more smoothly.