To make a wages file and upload it for the Employees' Pension Scheme 1995 (EPS 95), follow these steps:
Prepare Wages Data
Gather the required wages data for all employees eligible for EPS 95. The data should include their UAN (Universal Account Number), wage details, contribution period, and other relevant information.
Use ECR Format
EPS 95 contributions are filed along with the Employees' Provident Fund (EPF) contributions using the Electronic Challan cum Return (ECR) format. Ensure that the wages data is in compliance with the ECR format.
Generate ECR File
Using EPF software or the Unified Portal of Employees' Provident Fund Organization (EPFO), generate the ECR file containing the wages data of employees contributing to EPS 95.
Verify Data Accuracy
Double-check the data in the ECR file for accuracy and completeness. Ensure that all details are correctly entered, and there are no errors or missing information.
Login to EPFO Portal
Login to the EPFO employer portal (https://unifiedportal-emp.epfindia.gov.in/epfo/) using your employer credentials.
Go to ECR Upload
Navigate to the "ECR Upload" section on the portal.
Upload the ECR File
Upload the ECR file containing the wages data of employees contributing to EPS 95. The portal will process the file and validate the data.
Pay EPF and EPS Contributions
After successful validation, you will be required to make the payment for both EPF and EPS contributions. You can pay the contributions through the online payment gateway available on the EPFO portal.
Acknowledgment
Once the payment is made, you will receive an acknowledgment containing the transaction ID and details of the contributions paid.
Maintain Records
Keep a record of the ECR file, payment acknowledgment, and all relevant documents for future reference and audit purposes.
Please note that EPS 95 contributions are linked to EPF contributions, and both should be filed and paid together. Ensure that you comply with the EPFO's guidelines and deadlines for filing and paying EPF and EPS contributions to avoid any penalties or legal issues. If you are new to the process or have specific queries, consider seeking help from a professional EPF consultant or contacting the EPFO helpdesk for guidance.