Employees Provident fund (EPF) department has
informed to all Employers and informed that it is mandatory for all establishments
contributing above Rs.1 Lakh have to make compulsory payment of EPF through
online mode only with immediate effect.
Further
establishments contributing less than Rs. 1 lakh may deposit EPF contribution
through offline mode till September, 2015.
From
September 2015, all establishments (without any minimum Limit) shall be
required to deposit EPF contribution only through online banking
Communication
from EPF department..!
As
per amendments in Para 38 (1) and 48 of EPF Scheme, 1952. It mandatory for all
Employers to pay the statutory contributions through Internet Banking.
An
employer who makes payment of less than Rupees 1 lac in a particular month as
contributions under Employees’ Provident Funds and Miscellaneous Funds Act,1952
and Schemes framed there under, shall have the option to make such payments
through bank drafts or banker’s cheques or / cheques drawn only on the local
bank as was being done earlier only upto September’ 2015.
However
establishments remitting contribution above Rs. 1 lac have to mandatory remit
dues through Internet banking only with immediate effect .
Establishments
remitting up to Rs. 1 lac will also be required to remit dues mandatory through
Internet banking after September 2015.
Summary of
Changes..!
Mode
of payment allowed
1.
Rs 1,00,000 or more
Immediate
effect
Internet
banking only
2.
Less than Rs 1,00,000
Up
to September , 2015
Draft/ Banker cheque/ Local Cheque/ Internet
banking.
3.
Any amount
After
September, 2015
Internet
banking only
No comments:
Post a Comment