Sunday, 23 December 2018

EPF Payment Online - PF Payment Portal |

EPF Payment Online - A brief introduction

Representative Provident Fund Scheme is a standout amongst the most helpful worker valuable plan presented by the Ministry of Labor. It is one of the perfect retirement subsidize. It is a kind of bank account where both boss and representative contributes an equivalent sum at normal interims. Such commitment can be made just by those businesses who are enlisted and workers of enrolled bosses. Business enrollment can be either through resolution command or willful. Arrangements w.r.t EPF is administered by The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (PF Act). 

According to the PF Act, each organization/association utilizing in excess of 20 people including representatives who are on contract is obligatorily required to enlist under the PF Act. When the PF Act is appropriate, boss association keeps on being administered by the PF Act regardless of whether the quantity of workers falls beneath 20 whenever. 

Further, it isn't obligatorily appropriate to all workers of the enrolled foundation. Just such workers winning up to Rs 15,000 are qualified to be secured under the PF Act and can make a commitment. Both boss and worker who are not commanded by PF Act, can intentionally enroll and contribute for PF. 

PF Fund is controlled and overseen by The Employees' Provident Fund Organization (EPFO) and helps Central-leading body of Trustees, EPF a statutory body framed by the PF Act.

For more data, read our articles on PF Claim StatusPF TransferEPF Withdrawal and EPF Payment.

PF Payment Online:-

In spite of the fact that commitment to PF account is made both by business and worker, installment is to be made to PF account by a boss who is enlisted with PF Act. It is required for all foundations to pay PF online from September 2015. Online PF installment can be made by the business either on EPFO site or through approved bank site (if bank permits coordinate installment through their site) in which the manager has a record and net keeping the money. By and by EPFO has tied up the course of action with 10 banks to gather EPFO contribution and banks are SBI, PNB, Indian Bank, Allahabad Bank, Union Bank of India, Bank of Baroda, HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank.

Steps for PF Payment Online:-

Login to brought together entrance of EPFO utilizing your Electronic Challan cum Return (ECR) gateway credentials 

Guarantee PF subtleties of the foundation, for example, foundation ID, Name, address, exclusion status and so forth appeared right 

From 'Installment' alternative drop down select 'ECR transfer' 

Select 'Wage Month', 'Pay Disbursal Date', Rate of commitment and transfer ECR content record 

Transferred ECR document will be approved for predefined conditions and a screen will show up with a message 'Record Validation Successful'. In the event that ECR document isn't approved, blunder will hurl. Right the ECR content document for the predetermined arrangement and transfer again until it is effectively approved 

In a similar page, TRRN produced will be shown for the transferred ECR document. Tap on 'Check' 

Tap on 'Get ready Challan' catch to create ECR synopsis sheet 

Presently enter Admin/Inspection Charges and tap on 'Create Challan' Button 

Tap on 'Conclude' catch in the wake of checking the challan sum 

Tap on 'pay' against the applicable TRRN 

Select installment mode as 'on the web' and browse any of the banks showing up in drop-down menu and tap on 'proceed' 

This move will make you to your bank's web saving money login site where you have to log in and make installment through net managing an account 

On effective installment, Payment/Transaction-id will be created and e-Receipt for exchange affirmation will be populated. 

The exchange will be refreshed at EPFO Portal 

The affirmation of installment against TRRN number will be given by EPFO


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