3/29/2024 0 Comments Epf ecr file![]() ![]() The current ECR data shall also help in policy planning and decisions making for further relief to the businesses and EPF members adversely impacted by the Pandemic. in EPF accounts of low wage earners in establishments eligible under Pradhan Mantri Garib Kalyan Yojana package. The above change will entail convenience to the employers as well as the employees covered under the Act and Schemes.įiling of ECR by the employer in time is indicative of employer’s intent to comply will not therefore attract penal consequences if the dues are paid within the extended time as announced by the Government.įiling of ECR in time shall help in credit of employer’s and employee’s share of contributions, totaling 24% of wages by Central Govt. The ECR can now onwards be filed by an employer without the need of simultaneous payment of contributions and contributions may be paid later by the employer after filing the ECR. Difference in any of these details with basic EPFO records mandated frequent requests for change of member details. Redundant member details like date of birth, fathers/spouses name, gender, date of joining etc was required to be filled in every time. Keeping in view the above situation and to further ease the compliance procedure under EPF & MP Act, 1952, the filing of monthly Electronic-Challan cum Return (ECR) is separated from Payment of the statutory contributions reported in the ECR. Employer has to file returns online requiring to enter 25 data fields. to control the spread of COVID-19 pandemic and other disruptions, the businesses and enterprises are not able to function normally and are facing liquidity / cash crunch to pay their statutory dues even though they are retaining the employees on their rolls. In the current scenario of lockdown announced by the Govt. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |