As per EPFO circular dated 21st September 2017, the EPFO has stated that subsequent to the introduction of the new software, real time monitoring of exempted establishments has also commenced and all the exempted establishments/employers are required to file the statutory online returns on time i.e. on or before 25th of the month following that to which it relates. However, PF exempted establishments are still not filing the statutory online returns. Thus, EPFO has introduced a six point parameter system. On the basis of this system a rank list of performance monitoring of PF exempted establishments shall be prepared for the preceding month in which returns are required to be filed and shall be published on the EPFO Website on the first day of the succeeding month. The system of ranking the establishments has been envisaged to develop a healthy competition among the exempted establishments and to enable the concerned organization to evaluate their performance.
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From India, Bengaluru
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