EMPLOYERS COULD CLAIM 10% REFUND OF ADMINISTRATIVE CHARGES
EPFO has approved an incentive scheme for employers to seed Universal Account Number (UAN) with Know Your Customer (KYC) documents.
An employer can claim 10% refund of administrative charges paid during the quarter if the establishment provides Aadhar card details of 80% employees, bank details of all the employees and PAN card detail wherever applicable. This will become operational from October 1 for one year.
From India, Thana
59EPFO has approved an incentive scheme for employers to seed Universal Account Number (UAN) with Know Your Customer (KYC) documents.
An employer can claim 10% refund of administrative charges paid during the quarter if the establishment provides Aadhar card details of 80% employees, bank details of all the employees and PAN card detail wherever applicable. This will become operational from October 1 for one year.
From India, Thana
Dear Emmkay, If any notification /circular/letter has been issue by E P F O please share .
From India, Ahmadabad
From India, Ahmadabad
The proposal of giving 10% refund on admin charges was discussed and intimated by EPFO several times.
During the 208th Central Board of Trustees (EPF) meeting in Hyderabad held on 16th Sep 2015, the trustees have approved this incentive scheme for employers. No notification on the same is yet issued.
I am attaching MOM of a review meeting held in Ahm attendted by PF officials which includes proposal of the said incentive
From India, Thana
During the 208th Central Board of Trustees (EPF) meeting in Hyderabad held on 16th Sep 2015, the trustees have approved this incentive scheme for employers. No notification on the same is yet issued.
I am attaching MOM of a review meeting held in Ahm attendted by PF officials which includes proposal of the said incentive
From India, Thana
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