Online Payment of EPF not Mandatory for employers remitting contribution below Rs. 1 lakh per month
Under the new notification No. Bkg.1(4)2010/Online
Remittance /12871, Date: 24th June 2015 issued by EPF department Deposit
of EPF Contributions through Internet /Online Banking is not mandatory for
those employers who are remitting contribution below Rs. 1 lakh per month with
till 30.09.2015 and it will be mandatory to pay online from
01.10.2015. Earlier vide CMoL&E Notification No. G.S.R.
360(E) dated 05.05.2015 it was made mandatory for all employers irrespective of
Contribution amount. -
Employees’ Provident Fund Organisation
(Ministry of Labour & Employment, Govt. Of India)
Head Office
Bhavishya Nidhi Bhawan, 14- Bhikaji Cama Place, New Delhi — 110066
Fax: 011-26173022, Telephone: 26172685
No. Bkg.1(4)2010/Online Remittance /12871 , Date: 24th June 2015
To
All
Regional P.F. Commissioner-I/In charge Regional & Sub-Regional Offices
Subject:
Mandatory Deposit of Contributions through Internet Banking.
Reference:
i)
MoL&E Notification No. G.S.R. 360(E) dated 05.05.2015.
ii)
HO Circular of even No. dated 22.06.2015
Sir/Madam,
Please
refer to the above said subject.
2. The Central Government in exercise of the powers
conferred by section 5 read with sub-section (1) of section 7 of the EPF&MP
Act 1952 has notified amendments in Paras 38(1) and 48 of EPF
Scheme, 1952 making it mandatory for employers to pay the statutory
contributions through Internet Banking.
3. In exercise of powers conferred to the Central
Provident Fund Commissioner under amended para 38(1) of EPF Scheme, 1952, it
has been allowed vide order of even No. dated 24.06.2015 that an employer who
makes payment of less than Rupees one lakh in a particular month as
contributions under Employees’ Provident Funds and Miscellaneous Funds Act,
1952 and Schemes framed thereunder, 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. A copy of the said order is enclosed for information. This
order shall be valid upto the month of September, 2015. Thereafter, it shall be
mandatory for all employers to make payments electronically through internet
banking. The employers remitting contribution below Rs. 1 lakh per month shall,
however, have the option to remit such dues through the internet banking even
during the interim period upto September, 2015.
4. The employers may be advised through e-mail/SMS/press
release for depositing contributions through Internet Banking as specified
above.
Yours faithfully
(Sanjay
Kumar)
RCFA
Employees’ Provident Fund Organisation
(Ministry of Labour & Employment, Govt. Of India)
Head Office
Bhavishya Nidhi Bhawan, 14- Bhikaji Cama Place, New Delhi — 110066
Fax: 011-26173022, Telephone: 26172685
No. Bkg.1(4)2010/Online Remittance /12870 , Date: 24th June 2015
ORDER
Ministry of Labour & Employment vide notification no. G.S.R.
360(E) dated 5th May, 2015 has amended Para 38(1) of the EPF Scheme, 1952. The
Central Government has made it mandatory for employers to pay statutory
contributions electronically through Internet Banking only.
2. In exercise of powers conferred to the Central Provident Fund
Commissioner under amended para 38(1) of EPF Scheme, 1952, it is hereby ordered
that an employer who makes payment of less than Rupees one lakh in a particular
month as contributions under Employees’ Provident Funds and Miscellaneous Funds
Act, 1952 and Schemes framed thereunder, 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. This order is being issued considering
the fact that many of the participating employers having smaller work force may
not readily have facility of internet banking.
3. This order shall be valid upto the month of September, 2015.
Thereafter, it shall be mandatory for all employers to make payments
electronically through internet banking.
(K.K.
Jalan)
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