Pf payment online

• Process For EPF Payment Online • Steps to Make EPF Payment Online Via EPFO Portal • Which Banks Provide Online EPF Payment Services? • Due Date for EPF Payment • Penalty for PF Late Payment The Process For EPF Payment Online In organizations registered under the PF Act, a deduction is made from an employee’s salary towards contribution to the PF account. Thereafter, the employer also contributes an equivalent amount. Subsequently, the employer deposits the total payable amount to the employee’s PF account. Earlier the employer could make EPF Payment offline but from September 2015 onwards it is mandatory to pay it online. There are two modes to make EPF payment online- • EPFO website • The authorized website of the bank in which the employer holds an account. However, to make payment through this method, the following conditions are applicable: • Employers must have a net banking facility with the bank • The bank in which the employer holds its account must allow direct payment to EPFO through its website. Steps to Make EPF Payment Online Via EPFO Portal Establishments can make EPF Payment online easily through the following process: • You must log in to the • Upon logging in you can see the PF details of your establishment. Verify all details such as Establishment ID, Name, Address, Exemption status, etc. • Next, click on the ‘Payment’ option and select ‘ECR upload’ from the drop-down. • On the page that opens provide the details such as ‘Wage Month’, ‘Salary Disbursal ...

EPFO Portal Employee’s Provident Fund (EPF) is a scheme introduced by EPFO through which the employees and their employer contribute a part of their salaries towards the PF fund in order to build a corpus for retirement. In order to contribute towards the EPF Scheme, an establishment first needs to get itself The Steps to file monthly PF return online In order to make the PF payment online through the EPFO Portal, the following procedure is to be followed: • Login to EPFO Portal • Download the ECR File Navigate to Payment and click on ‘ECR/Return Filing’. Next, click on ‘ECR Upload’, go to ‘Download ECR File’, select the wage month for which you want to file PF return, select the file type as ‘ECR’ and click on ‘ECR File Download’. An ECR file containing the list of employees against their UAN will be downloaded. • Enter wage details Fill in the details regarding: a) Gross wages: Gross wages are the b) EPF wages: Basic Wages + Dearness Allowance c) EPS wages: Basic Wages + Dearness Allowance d) EDLI wages: Same as EPS wages e) EPF Contribution remitted: 12% of EPF wages (or as decided by organization) f) EPS Contribution remitted: 8.33% of EPS wages g) EPF EPS difference remitted: Difference between (e) and (f) h) NCP Days: Non-Contributing Period i.e. Absent days i) Refund of Advances • Save as Text Document Next, save the excel file as a CSV file. Make sure to delete the first column with the particulars. Now, open the CSV file and remove all the extra commas, if any. Ne...

How wonderful if you have some schemes that can secure your future after retirement? Isn’t it amazing? The EPF, or Employee Provident Fund, is a scheme designed especially to aid you after retirement. It is considered an ideal retirement fund scheme introduced by MoL, i.e., the Ministry of Labour. However, only registered employees and employers can partake in this beneficial scheme. How to apply for the EPF payment scheme? Is PF payment online process secure? What is the process of PF payment online? If you have similar queries, this section will help you answer them. Details About EPF Account It is a retirement fund that EPFO introduces and assists the Central Board of Trustees. Under this fund, employers and employees contribute 12% of their salary towards the PF fund to secure retirement. The payment is done after a fixed interval. But, the The EPF funds are governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (PF Act). It ensures the safety of the funds’ deposit by the employers and employees. As per PF Act, if any company has more than 20 employees and each is linked with a contractual basis, it must register under PF Act. However, once any company registers under PF Act, whether it increases its employees or decreases, it will still be governed by PF Act. EPF Payment Online Procedure Although the employee and employer both need to put up for the EPF account, the employer makes the payment under the PF Act. From September 2015, it became ...