Remit PF contributions online only, employers told

PF contributions

by online only

The Employers’ Provident Fund Organisation (EPFO) has directed employers to pay statutory contributions only through Internet banking irrespective of the amount remitted.

This follows amendments to the EPF scheme, 1952, making it mandatory for employers to remit amount electronically. Moreover, employers have to get a declaration in form 11 from their employees and upload them on the Universal Account Number (UAN) portal.

They must ensure UAN is activated by employees and also give KYC information such as bank account details, PAN and Aadhaar number. These steps must be taken within one month of receiving UAN. The UAN must be furnished in the claim forms before forwarding to the EPFO.

These measures must be done by September. Defaulting establishments shall be liable for action, a press release said.