Understanding Challans for Statutory Payments in HR: PF, ESI, Treasury, and More

Hi, can anyone please tell me what is a challan? I went for an interview for an "HR Executive," and they asked me about challan, but I was totally blank at that time. Please reply ASAP.

Dear Friend,

I think the challan means some kind of voucher used for remitting statutory payments at the treasury.

Regards,

Alphonse

Dear Gunjan,

What I understand:

1) Challan means "Receipt for payment or delivery" or "Receipt of your payment with acknowledgment" or "Official receipt of payment."

2) Challan means the requisite form filled to pay cash, cheque, Demand draft in any Bank or any government office etc.

Regards,
Manoj

Thank you for your reply. I wanted to know, what is PF Challan and ESI Challan? Also, how can one maintain the data for that?

Actually, a challan is not a receipt. If you pay money using a challan, it is considered an authorized payment that goes to your PF account. If you take a loan against your PF account, it is treated as a repayment voucher.

Hi Gunjan,

For HR executives, challans are generally related to PF and ESI challans, where a particular format is printed/filled by furnishing the details of your PF/ESIC account numbers, amounts to be deposited for the month, etc.

On the other hand, general challans are those for penalties/fines issued by RTA/Traffic police, etc. It is a revenue-collecting term used by the aforementioned officials.

Another type of challan is typically used when selling products through invoices/bills. These challans only contain non-commercial descriptions of the products sold/invoiced and require the seller to obtain the receiver's signature.

I hope most of the definitions of challans have been clarified.

Thank you,
Tarun
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Hi Manoj,

For HR challans, the terms required for PF and ESIC are essential. According to PF and ESIC laws, as well as some other laws, every organization has to fulfill statutory requirements such as monthly returns. Related to PF and ESIC, it involves monthly returns, Factory Act returns, minimum wages returns, and unpaid wages returns, among others.

To fill up these returns, the term used is "Challans." Returns are paid to the Assistant Commissioner's office of the particular region. This kind of question is expected from freshers!

I hope this helps clarify the process for you. Let me know if you need further assistance.

Challan is nothing but an instrument through which any payment or transaction is made. This will have detailed information about the mode of payment/transaction. It cannot be called a receipt and can only be acknowledged.

Thanks.

In the HR field, challans mean ESI, PF, PT challan. It's a slip to pay ESI, PF, PT challan.

Regards,
Prasanna

Hi Friend,

I have attached a file containing an example of a PF challan. This might help you to some extent. The meaning of challan has already been explained to you by many people. I would like to add one more kind of challan called a treasury challan, used in respect to the labor department.

Let me know in case of any clarification.

Regards,
Amith R.

It means one agency has requested to pay an amount to the government in the treasury to fulfill statutory requirements.

Arun

Once we request bank personnel for a challan to make any kind of payment, it is not possible to cancel it like a cheque or demand draft.

Recruitment is the process of attracting resumes/applicants for job vacancies. This includes ads, commercials, etc.

Selection is how to finalize on a candidate from the resumes you receive. This process includes aptitude tests, group discussions (GDs), personal interviews (PIs), etc. That's how you select a candidate.

Dear Gunjan,

PF Challan is a part of Monthly Legal compliance (due before the 15th of each month). There are accounts numbered 1, 2, 10, 21, and 22.
Account 1: PF contribution of Employer at 3.67% and 12% of Employee
Account 2: Administrative charges at 1.10% of wages
Account 10: Pension contribution at 8.33%
This way, there are detailed explanations of PF as well as ESI.

Regards,
Vikas
9922928790

Dear,

A challan is a specific format for depositing/remitting the contribution/statutory payment at a bank/treasury. In HR, monthly PF & ESI contributions are deposited in a specified format. The filled challans for PF & ESI are attached for your information.

Regards,
Sunil

Dear all,

I believe a challan is not just a receipt; it is a specific form of payment to a particular government authority such as EPFO, ESIC, etc., although it also includes a receipt.

Sumant

Dear Gunjan,

All my friends on this site have almost answered correctly to your query. I could simply explain it as: A challan can be a document providing evidence or proof of delivery or submission of money (in any form) or material.

Best Wishes & Regards,
Debashis

Challan means a monthly contribution towards government offices such as PF, ESIC, and PT, in a specific form designed by respected offices. Please go through the attachments for an e-copy of the challan:

https://www.citehr.com/attachment.ph...p;d=1194246976

Thank you!

Challan is a mode of statutory deposit, which shows the employer or whoever needs to deposit the dues, levies, or payments to the concerned department.

madhukar

Dear Gunjan,

"Challan" means not only a receipt of payment or delivery, but also the details of payment under which head/account we have made it or details of the material which we have delivered to the party.

Regards,
Anil
Assistant Manager - HR
09764690653

PMRPY scheme is not working. Please help us.

Hemraj
9890256748

PF Monthly Return Process | Generate ECR Challan - Diya Patel

In the PF Monthly Return process, it is essential to accurately generate the ECR Challan to ensure compliance with regulations and timely submission of employee provident fund contributions. The ECR Challan serves as a vital document for recording and depositing the PF contributions made by both the employer and the employees. Properly generating the ECR Challan helps in maintaining accurate records and facilitates a smooth process during PF audits.

By adhering to the correct procedures and accurately filling out the ECR Challan, organizations can avoid discrepancies and penalties related to PF contributions. It is crucial to double-check all the information entered in the challan before submission to prevent any errors that could lead to compliance issues. Additionally, keeping track of the generated ECR Challans and maintaining records systematically can aid in streamlining the PF Monthly Return process and ensuring all contributions are accurately accounted for.

In conclusion, generating the ECR Challan correctly is a crucial step in the PF Monthly Return process. It is imperative for organizations to pay attention to detail and follow the prescribed guidelines to maintain compliance and avoid any potential issues related to PF contributions.