EPFO makes filing of ECR easier for business

May 03, 2020 | by Avantis RegTech Legal Research Team

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Labour Compliance

The Ministry of Labour and Employment (MoLE) on April 30, 2020, makes filing of monthly Electronic-Challan cum Return (ECR) separate from Payment of the statutory contributions reported in the ECR, to ease the compliance procedure under Employees’ Provident Funds and Miscellaneous Provident (EPF & MP) Act, 1952.

The ECR can now onwards be filed by an employer without the need of simultaneous payment of contributions and contributions may be paid later by the employer after filing the ECR.

Filing of ECR in time shall help in credit of employer’s and employee’s share of contributions, totaling 24% of wages by Central Govt. in EPF accounts of low wage earners in establishments eligible under Pradhan Mantri Garib Kalyan Yojana package.

[Release ID :202694]


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