EPFO extends challan filing date for employers

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EPFO net new enrolments dip to 10.11 lakh in November
PTI | Provisional payroll data released by the Employees' Provident Fund Organisation (EPFO) last month had shown that net new enrolments were at 11.54 lakh in October 2020.

Employees’ Provident Fund Organisation has extended the date of filing Electronic Challan Cum Return (ECR) for wage month March 2020 extended up to 15.05.2020 from 15.04.2020,

The EPFO also decided to waive off any interest liability and penalty in this extended period. This would give some relief to employers stuck with closed establishments following a nationwide lockdown since March 25.

The above decision of Ministry of Labour and Employment is to support and provide relief to Employers of establishments that have disbursed wages for March 2020 to its employees and an incentive to employers for the wage paid to employees during COVID-19 pandemic.

The move is in keeping with the objective of the Pradhan Mantri Garib Kalyan Yojana to prevent disruption in employment and ensure earning to employees to help them fight the pandemic.

This relief will benefit about 6 lakh establishments to file ECRs without default by paying salary to about 5 crore employees. The employers have to declare the date of disbursement of wage for March, 2020 in the ECR for March, 2020.

The ECR, with the said declaration, and contributions and administrative charges for March, 2020 are now due on or before 15.05.2020.

The employers disbursing the wages for March, 2020 not only get relief of extension of due date for payment of EPF dues for March, 2020 but also avoid liability of interest and penalty, if they remit on or before 15.05.2020.

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