EPFO News
With effect from December 1, 2016, the PF Monthly Challan will be prepared based on the UAN Number, which was previously prepared based on the PF Number.
ECR Version 2 is likely to be launched on December 1, 2016.
Employers will not have to wait for the ECR to be filed to submit Form 5 and Form 10 details.
There will be a unified portal for Employers, Employees, Citizens, and EPFO Staff.
The system is UAN-based, so it can only be uploaded when a UAN is allotted to the member. Employers can generate a UAN for their employees on the date of joining itself.
There is a provision for checks and corrections by the system, thus greatly reducing the requirements for revision and rejection of paid ECR files.
To upload the 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 the data if it is incorrect. Once the PDF is verified, the TRRN will be generated for the said file. Only then will the employer 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.