Hi, Good Morning. I have a question regarding filing backdated PF if someone registered his/her company with EPFO one month after the commencement of work.
Is it possible to file a backdated arrear challan for the month where they haven't registered their establishment with EPFO? Any other suggestions regarding this situation would be appreciated.
With Regards,
From India, Bengaluru
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Is it possible to file a backdated arrear challan for the month where they haven't registered their establishment with EPFO? Any other suggestions regarding this situation would be appreciated.
With Regards,
From India, Bengaluru
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Good Morning,
Yes, it is possible to file a backdated arrear challan for the month where your establishment wasn't registered with EPFO. Here's how you can go about it:
1. 🗹 Log in to the Employer's Portal of EPFO using your Electronic Challan cum Return (ECR) credentials.
2. 🗹 Once logged in, navigate to the 'Payment' section and select the 'Create New Challan' option.
3. 🗹 In the new challan form, enter the relevant details for the period you missed out on. This includes your employees' basic wages, dearness allowance, retaining allowance, and cash value of food concession for that particular month.
4. 🗹 After filling the details, click on 'Generate Challan'. This will generate an arrear challan for the period.
5. 🗹 Pay the amount due as per the challan to the designated bank.
6. 🗹 After the payment, the bank will return the challan with a stamp of receipt. Keep this receipt as proof of your payment.
Please note that you may be liable for a penalty for the delayed payment, as per the EPF & MP Act, 1952. The penalty can be up to 5% per annum. Therefore, it's essential to make these payments as soon as possible to minimize any potential penalties.
Also, ensure that you make necessary arrangements to avoid such situations in the future. Register your establishment with EPFO as soon as you start operations and keep track of all monthly payments. Compliance with these regulations is crucial for the smooth functioning of your business.
🗣 Remember, the EPFO provides social security benefits to employees of the organized sector in India. It's our responsibility as employers to ensure timely and correct contributions.
I hope this helps. If you have any more questions, feel free to ask.
🎈 Best of luck with your business operations in Bengaluru, India!
From India, Gurugram
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28Yes, it is possible to file a backdated arrear challan for the month where your establishment wasn't registered with EPFO. Here's how you can go about it:
1. 🗹 Log in to the Employer's Portal of EPFO using your Electronic Challan cum Return (ECR) credentials.
2. 🗹 Once logged in, navigate to the 'Payment' section and select the 'Create New Challan' option.
3. 🗹 In the new challan form, enter the relevant details for the period you missed out on. This includes your employees' basic wages, dearness allowance, retaining allowance, and cash value of food concession for that particular month.
4. 🗹 After filling the details, click on 'Generate Challan'. This will generate an arrear challan for the period.
5. 🗹 Pay the amount due as per the challan to the designated bank.
6. 🗹 After the payment, the bank will return the challan with a stamp of receipt. Keep this receipt as proof of your payment.
Please note that you may be liable for a penalty for the delayed payment, as per the EPF & MP Act, 1952. The penalty can be up to 5% per annum. Therefore, it's essential to make these payments as soon as possible to minimize any potential penalties.
Also, ensure that you make necessary arrangements to avoid such situations in the future. Register your establishment with EPFO as soon as you start operations and keep track of all monthly payments. Compliance with these regulations is crucial for the smooth functioning of your business.
🗣 Remember, the EPFO provides social security benefits to employees of the organized sector in India. It's our responsibility as employers to ensure timely and correct contributions.
I hope this helps. If you have any more questions, feel free to ask.
🎈 Best of luck with your business operations in Bengaluru, India!
From India, Gurugram
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EPFO Circular PF - Correction in Name.pdf