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Hr NewsStatutory Compliance

EPFO department launching ECR Version 2

EPFO department launching ECR Version 2 on 01-12-2016. Salient features of said version are;

1.The 25 fields reduced to 11.

2.Employer will not have to wait for the ECR to be filed for filing the Form 5 & 10 details.

3.Unified Portal for Employer, Employee, EPFO staff & Çitizen.

4. UAN based,so it can be uploaded only when UAN is allotted to the member.

5.Employer has to generate UAN for his employees on the date of joining itself.

6.Provision for check and correction by the system, thus reduce to a great extent the requirements of revisions and rejection of paid ECR file.

To upload ECR, Employer has to enter the date of disbursement of salary. Please note that now total salary has to be upload in ECR, means both data of both employee who are covered & who are not covered due to basic salary more than 15000/-. Once uploaded the system will check for the validation errors for the employer to rectify and upload the file afresh. If successful a PDF will be generated displaying the member wise details and the employer has to verify the data. There is option to reject if data is incorrect. Once the PDF is verified the TRRN Will be generated for the said file.
The employer will be able to prepare the challan then.
The payment link will be available against the finalized challan and payment can be made any time through online mode. The file will not lapse.

Note: Due to this version Employer can’t change monthly salary afterwards, & same shall be link with other departments like ESI, Factory Act, Labour department, apprentice act, employment exchange department, Income tax department also.

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