We are forwarding herewith a copy of circular bearing
No. Bkg. 1(4)2010/Online Remittance/12871 dated 24th June,
2015 from the Head office of the Employee Provident Fund Organization , New
Delhi along with the copy of the order bearing No Bkg. 1(4)2010/Online
Remittance/12870 dated 24th June issued by the Central Provident
Fund Commissioner New Delhi in exercise of the powers conferred by section 5
read with sub-section of (1) of section 7 of the EPF&MP Act 1952 has
notified amendments in Parts 38(1) and 48 of EPF Scheme, 1952, making it
mandatory for employers to pay the statutory contributions through internet
banking.
It has also stated that an employer who makes payment of
less than Rs. 1 lakh in a particular month as contribution under EPF & MP
Act, 1952, and scheme framed thereunder , shall have option to make such
payments through physical mode of payment (bank drafts or bankers cheques
or cheques) for transitory period is being considered at appropriate level.
Note:
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.
The aforesaid order makes the employer of the establishment
covered under the EPF & MP Act, 1952, to comply with the requirements as
laid down in the said order.
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