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Epfo launches e-returns for exempted establishmentsEpfo launches ereturns for exempted establishments to reduce the workload of exempted establishments and ensure better monitoring of provident fund investments the epfo has launched the facility for filing electronic returns. launching the software here labour minister oscar fernandes said the facility would benefit over 3000 exempted establishments that were now required to file their monthly and annual paper returns. he said it was the employees provident fund organisation epfo that had been entrusted with the responsibility to ensure that employees were paid provident fund and pension on time. labour secretary gauri kumar called for close monitoring of exempted establishment as they managed the provident funds of over 56 lakh members and the funds size of these establishments had exceeded rs 159000 crore. the epfo said it was also working on a software to take care of transfers of the employees from unexempted establishments to exempted ones and viceversa. alan central provident fund commissioner said epfo was committed to strengthen egovernance and provide better services to its stakeholders. according to the epfo the electronic return has six parts establishment details trust details employment details contribution details investment details and annual information. the establishment details and trust details will be for one time entry and editing can be done later if required. employment details and contribution details will be entered each month by all establishments complying as exempted under the epf scheme. investment details will have to be entered by the parent trust every month. the participating units and branches can view the data. this part will have the details of receipts and payments including investments by the trust. annual information will be made by the parent trust only at the end of each financial year with details such as audit of accounts interest declaration maturity/interest in default etc. business line new delhi 14012014 Pm narendra modi unveils key labour reforms to end 'inspector raj'Dear friends i take reference of the following news: pm narendra modi unveils key labour reforms to end 'inspector raj' the times of india the moot point is will these reforms stop formation of persons like vijay mallaya in future? more than two years passed since he has not paid salaries to his staffs working in kingfisher airlines kfa and yet no labour law comes to the rescue to the employees. the real reforms will happen where crooks like mallaya have some fear of labour laws. nothing happens in india when employers do not remit the tds or fail to make contributions to in a country like usa this is unthinkable. today labour need protection from this side also. the problem in forums like cii etc membership is only for the employers and not the employees? the saddest part is that various hr forums also remain silent on the issues of nonpayment of salaries to the staffs. hr professionals who brag for gushing with energy do not spend even ounce of their energy to take up the causes of employees. who will listen to the woes of employees? dinesh divekar Provident fund record matterRespected sir i have no knowledge of provident funds record in our firm. please guide me breif for which forms books challans maitains after get provident fund number received. thanking u Tds on provident fundHi request experts to put light on tds on settlement of pf after resigning from an organisation. i am working with a company where they had their own employee pf trust which is different than state run employee provident funds and they do deductions of epf as well as vpf and allow interest as per the rates decided by govt. recently one of my colleague left the organisation and during his full & final settlements he received proceedings of pf after tds. as far as we know any proceedings received from life insurance & provident funds are free from income tax.. request for kind guidance on the subject matter and the rulings over this thanks in advance to all