EPFO NEWS
With effect from 01 Dec 2016, PF Monthly Challan will be prepared on the basis of UAN Number, which is now prepared on the basis of PF Number.
ECR Version 2 is likely to be launched on 01-12-2016.
Employers will not have to wait for the ECR to be filed to submit the Form 5 and Form 10 details.
Unified portal for Employers, Employees, Citizens, and EPFO Staff.
UAN-based, so it can only be uploaded when UAN is allotted to the member.
Employers can generate UAN for their employees on the date of joining itself.
Provision for checks and corrections by the system, thus reducing to a great extent the requirements for revision and rejection of paid ECR files.
To upload ECR, Employers have to enter the date of disbursement of salary.
Once uploaded, the system will check for validation errors for the employer to rectify and upload the file afresh. If successful, a PDF will be generated, displaying the member-wise details, and the employer has to verify the data.
There is an option to reject if the data is incorrect.
Once the PDF is verified, the TRRN will be generated for the said file.
Only then, the employer will be able to prepare the challan.
The Payment link will be available against the finalized challan, and payment can be made anytime through online mode.
The file will not expire.