Mandatory Deposit of Contribution through Internet Banking extended till December 31 for Small Employers

We would like to inform that mandatory deposit of EPF Contributions through internet Banking has been extended till  December 31, 2015 for small employers.

EPF department has earlier informed to all Employers that it is mandatory for all establishments contributing above Rupee one Lakh to make compulsory payment of EPF through online mode only with immediate effect. Further, establishments contributing less than one lakh in a month may deposit EPF contribution through offline mode till September,2015.

Now EPFO department has extended the mandatory EPF due date for small employer contributing less than one lakh in a month to 31.12.2015.

Note: From January 1, 2016 all establishments (without any minimum Limit) shall be required to deposit EPF contribution only through online banking. 

EPF department circular bearing No. Bkg.1(4)2010/Online Remittance/Vol. II/22138 dated 19^th August , 2015  in this regard and ministry of labour order bearing No. Bkg.1(4)2010/Online Remittance/Vol. II/22137 dated 19^th August , 2015 is attached  for your ready reference 

COMPLIANCE NEWS @ Mynd: Mandatory deposit of contribution through Internet Banking

We are forwarding herewith a copy of circular bearing  No. Bkg. 1(4)2010/Online Remittance/12871 dated 24^th 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 24^th 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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Statutory Compliance Update: Mandatory filing of Return in Form 5 A

Please find enclosed herewith copy of circular dated  February 25, 2015 from Employees' Provident Fund Organisation with regards to mandatory filing of  return in form 5 A by the Employers of the establishment covered under the Employees' Provident Funds & Miscellaneous Provisions Act, 1952.
 The Employees' Provident Fund Organisation has instructed all the employers to file a return online stating ownership in Form 5A showing the particulars of all the branches and departments owners, occupiers, directors, partners, manager or any other person or persons who have the ultimate control over the affairs of such factory or establishment.
 Note :  The deadline for  filing of return in Form 5 A is fixed as 31^st March , 2015.  Failure to make compliance would attract 'penalty' as stipulated by section 14 of the Employees' Provident Funds & MiscellaneousProvisions Act