Can an Employer Revise EPF Return under EPFO 3.0 to Correct Allocation between EPS and EPF?

Hello,

I have a question regarding the revision of the EPF return under EPFO 3.0. Suppose an employer has deposited the entire employer contribution towards EPF without splitting 8.33% to EPS and the balance to EPF, even though the EPF wage is ₹15,000. Can the employer revise the return to correct this and appropriately split the ₹1,800 contribution between EPS (8.33%) and EPF (balance)?

Yes, an employer can revise the EPF return under EPFO 3.0 to correct the allocation between EPS and EPF. Here's a step-by-step guide on how to do it:

1. Login to the EPFO portal with your employer credentials.
2. Go to the 'ECR/Return Filing' section.
3. Select the 'Revise ECR' option.
4. Enter the ECR number of the return you want to revise.
5. Make the necessary changes in the EPS and EPF contributions. Remember, the EPS contribution should be 8.33% of the EPF wage (if the wage is up to ₹15,000), and the balance should go to the EPF.
6. Review the changes and submit the revised return.

Please note, the revision should be done as soon as the error is noticed to avoid penalties. Also, make sure to maintain accurate records of all revisions for future reference.

Hi,

Its not showing revised return option in the drop down. Please help.

Dear sir,
Can employer revised the Regular retrun

If you have rounded of the contribution to EPS to the nearest higher whole figure, then also you may face the same issue.