Daijiworld Media Network - New Delhi
New Delhi, Sep 28: The Employees’ Provident Fund Organisation (EPFO) has rolled out an upgraded electronic challan-cum-return (ECR) system starting from the wage month of September, designed to streamline return filing for employers and reduce errors, according to a recent notification by the Central Provident Fund Commissioner.
The enhanced platform separates return submission from payment processing and incorporates system-driven validations to prevent incorrect filings. It also automatically calculates damages and interest as per sections 14B and 7Q of the Employees’ Provident Funds Act. Under these sections, employers must pay interest on delayed dues, and penalties can be imposed for payment defaults.
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