New Financial year begins with new changes on income tax rules.

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  • The new financial year began on April 1, 2021 with new changes on the income tax rules.
  • These changes were announced by the Union Finance Minister Nirmala Sitharaman during the 2021 Union Budget itself upon a decision to get it effected from the first of April, 2021, Thursday.
  • The interest earned on employee’s contribution above ₹2.5 lakh in a year will be taxable from this month.
  • Buying a pension cover will become easier.
  • From changes airfare to standard insurance policies, all the various norms will get into the effect from the given date.
  • Further, in case there is no contribution by the employer to the EPF account (usually in case of government employees), then interest will be tax-exempt for the deposits up to Rs 5 lakh in a financial year.Thus, in the new financial year to avoid tax on the PF interest, ensure that the deposits in your EPF account do not exceed the specified limits mentioned above.
  • Check down below 8 important norms that will be effected measurably upon the release of the new income tax guidelines.
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8 new important ITR rules are as follows:

  • Price per LPG cylinder willbe reduced by Rs. 10/-
  • The price for domestic cooking gas (LPG) is enabled to get decreased by 10 Indian Rupees per cylinder from the given date onwards.
  • Some of the well-known Petroleum corporations such as Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation have already taken action regarding the reduction and followed the rules presented by the government.
  • In Delhi and Mumbai, a 14.2 kg non-subsidized LPG cylinder will now cost around 809 INR that was previously 819 INR.
  • Similarly, the present cost availability in Kolkata shall be 835.50 INR whereas in Chennai, it will be 825 INR.
  • Prices for air ticketswill get costlier
  • Starting from this month, air travel will become costlier.
  • The Aviation regulator Directorate General of Civil Aviation (DGCA) has hiked air security fee (ASF).
  • While the rise in ASF for domestic passengers is of ₹40, for international passengers, the rise is of ₹114.38.
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  • No advance tax penalty on dividend income
  • If there is a shortfall in advance tax instalment or failure to pay the same on time due to dividend income, then no penal interest shall be charged under section 234C of the Income-tax Act subject to certain conditions.
  • This rule comes as a relief for tax payersas the dividends become taxable in the hands of individual from April 1, 2020.
  • Option to choose ‘New tax regime’ instead of Old tax regime
  • The government had implemented the new tax regime last year in Budget 2020.
  • The exercise of choosing one of the tax regimes for FY 2020-21 will be required to be made starting from 1st of April 2021.
  • Taxpayers still have time until 31st March 2021 to make tax-saving deductions, however, they will be able to opt for a beneficial regime at the time of filing their tax returns for FY 2020-21.
  • Saral Pension policy
  • On special order from the Insurance Regulatory and Development Authority of India (IRDAI), all life insurance companies have to mandatorily offer a standard individual immediate annuity product from April popularly known as the Saral Pension Policy.
  • This plan will provide a minimum annuity of ₹1,000 per month, ₹3,000 per quarter, ₹6,000 per half year, and ₹1,2000 per annum.
  • The minimum age limit for purchasing this plan is 40 years and the maximum is 80 years.
  • This will be a single premium, non-linked non-participating immediate annuity plan.
  • Standard personal accident insurance policy
  • A standard personal accident insurance product called Saral Suraksha Bima will offer a minimum sum insured of ₹2.5 lakh.
  • It has already been commenced from 1 April.
  • Under this policy, the maximum sum insured will be ₹1 crore.
  • Sum insured offered should be in multiples of ₹50,000,offering on their own beyond the mentioned range.
  • Anyone over 18 years old can buy this policy. The maximum age at entry is set at 70.
  • Senior citizens above 75 years exempted from filing ITR
  • Senior citizens above the age of 75 years, who only have pension and interest as a source of income will be exempted from filing ITR, starting from 1 April, where the interest income is earned in the same bank where pension is deposited.
  • The exemption will be available to only those senior citizens who have no other income but depend on pension and interest income from the bank hosting the pension account.
  • Tax benefits on Unit-Linked Insurance Products (ULIP)
  • The maturity gains in Unit Linked Investment Plan (ULIPs) would be taxed only if the annual premiums are equal to or above ₹2.5 lakh.
  • Earlier the taxation rates were absolutely free. But now after the Budget 2021, the rate will be 10% if it a long-term gain and if it is a short-term gain, the rate will exceed to 15%.
  • This will impact only for those ULIP policies which are bought after 1 February, 2021.
  • For those who pay annual premiums below ₹2.5 lakh, they would still get the tax-exemption benefits.
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Detailed information about Income Tax E-Campaign :

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  • The Memorandum of Understanding (MoU) was authorized by the two central boards primarily the Central Board of Indirect Tax and Customs (CBIC) and secondarily, the Central Board of Direct Taxes (CBDT) for preparing the possibility to exchange or deliver tax related information based on real time. This is a gateway to link the GST portal with the portal of income taxes. 
  • The assessee who has not filed the income tax return or GST return will be able to see their GSTR-2A purchases on the income tax portal, further enabling the TDS and other High Value Transactions link with the Income Tax Department. 
  • A message will be delivered to every assessee from the tax department that is similar to Marketing campaign. It can be either in the form of an email or in the form of an SMS. The taxpayers or assessee shall receive the message in such a way that the department has already received the information regarding the financial transactions or activities (if any) to the subsequent account for the financial year. This message is also regarding your absence in filing the Income Tax return for the next assessment year. 
  • With the delivery of this above message, the intention behind the taxation department is to make sure that you are ready to file your returns/ pay your taxes before the due date so that you are saved from facing any further huge consequences from the department such as paying of the tax along with interest and penalty, etc., at the later stage. 
  • The main objective of the Income tax e-campaign is to identified the taxpayers and to verify their financial transactions related information received by the I-T department from various sources such as Statement of Financial Transactions (SFT), Tax Deduction at Source (TDS), Tax Collection at Source (TCS), Foreign Remittances (Form 15CC) etc. 
  • The department has collected information related to GST, exports, imports and transactions in securities, derivatives, commodities and mutual funds under information triangulation set up. 
  • The exact procedure for submitting replies to the income tax e-campaign is to visit the income tax compliance portal or official online portal to submit your responses along with proper and accurate credentials and other information related to other person/ year, duplicity, or the information that has been denied. 
  • Considering all the entered details to be correct, the assessee can file the income tax returns after the payment of the taxes. In case the assessee is not liable to file returns, he or she can submit an online response under the link ‘Response on non-filing of return’ on Compliance Portal. If in any certain case, the assessee has already filed the income taxes but still left declared incorrect due to tax liability, then the assessee is still able to pay the taxes and file the revised returns on the same compliance portal. 
  • In case you fail to file a return or pay your taxes and fail to submit a response to the Income tax department by the due date, you will be excluded from further filing of the returns.  You will be initiated under the proceedings of the Income Tax Act, 1961, and shall be determined with your income and tax liability. Then you will receive an assessment notice, where you will end up paying interest and penalty in addition to tax liability. 

Message that shall be sent by the Income Tax Department to every assessee who hasn’t paid the tax: 

“The Income Tax Department has received information on financial transactions/activities relating to XXXXXX729X for Financial Year 2019-20. However, as per records available, you do not appear to have filed an Income Tax Return for Assessment Year 2020-21 (relating to FY 2019-20).”

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Step-by-step procedure to submit the reply on the income e-filing compliance portal:

  • Visit the income tax compliance portal at https://www.compliance.insight.gov.in or https://www.incometaxindiaefiling.gov.in 
  • Login to the e-filing portal by using the necessary credentials.
  • Your personal id will open with a new page. 
  • Selecting any of the options given below:
  1. Information is correct
  2. Information is not fully correct
  3. Information is related to other Person/ Year
  4. Information is duplicate/ included in other displayed information
  5. Information is denied.
  • After the selecting your desired option, you can further click on the submit button to complete the e-filing procedure. 

Procedure to view the submitted response on each Information:

  • Visit the Compliance Portal at https://compliance.insight.gov.in 
  • You can also login in to the e-filing portal by using the URL https://www.incometaxindiaefiling.gov.in 
  • Next you need to click on the ‘Compliance Portal’ link available in “My Account” or “Compliance” tab. 
  • After successful login, click on ‘e-Campaign’ Tab available at home page of Compliance Portal to view Information Summary screen. 
  • Click on “Financial Year” under Significant Transactions/Non- Filing of Return/High Risk Transactions option (Whichever is applicable). 
  • Click on ‘Financial Year’ available under ‘e-Campaign–Information Confirmation’. (Applicable for non-filing of return). 
  • Click on the “>” button to view information in detail. 
  • Click on the “View Response” button under Information detail. 
  • With this, a Pop-up window will appear displaying the details of the response submitted by the taxpayer.
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Updates on how the PF rules shall be Taxable:

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  • As per the Union Budget 2021, taxes are applied to those employees who had emanated their excessive contribution into any EPF account of more than 2.5 lakh Indian Rupees.
  • During the announcement of Union Budget 2021, Finance Minister Nirmala Sitharaman had clearly stated the purpose of taxation upon the provident funds. The instruction inclined directly towards the interests enacted over employee’s benefactors that supposedly seem higher each year from the margin of 2.5 lakh Indian Rupees. This taxation shall be applied from the start of the month of April 2021. Annual contributions up to Rs 2.5 lakh has been kept as the deposit limit for which interest is tax exempt.
  • On a plain reading of the budget documents, it appears that tax will apply to the interest earned on contributions made to Employees’ Provident Fund (EPF), Voluntary Provident Fund (VPF) as well as Public Provident Fund (PPF). However, tax experts have clarified that there are separate limits for EPF/VPF and PPF i.e., contributions to PPF and EPF/VPF will not be aggregated for the purpose of calculating the Rs 2.5 lakh limit.
  • Effectively, this would mean that an individual will still enjoy tax exemption on the interest earned on PPF contributions because a person is not allowed to contribute more than Rs 1.5 lakh per financial year to PPF as per current laws.
  • Note that every month, at least 12% of an employee’s basic salary and performance wages is compulsorily deducted as provident fund, while the employer contributes another 12%. With this taxation, the government wants to curb high income earners from self-contributing more to their PF accounts.
  • The Memorandum Explaining Provisions of Finance Bill, 2021, says there are instances of some employees contributing huge amounts to PF, and the entire interest accrued being exempt from tax under clause 11 and clause 12 of Section 10 of the Income Tax Act. “This exemption without any threshold benefits only those who can contribute a large amount to these funds as their share,” said the memorandum.
  • Besides the official announcement, Finance Minister Sitharamanalso explained a better idea to rationalise the tax exemptions. She suggested to divide the interests to different PFs, rather than sticking to just one provident fund. This way each fund will have a limited and restricted contribution of 2.5 lakhs per annum. This method is applied to all those whose income is higher than the median ranged employees.
  • This move will affect mostly the high-income earners and High Net-worth Individuals (HNIs). Under the existing tax provisions, interest received/accrued from employee’s provident fund (EPF) is exempt from tax. The new rules will potentially impact employees in high income bracket or employees making large voluntary employee provident fund contributions.
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  • It is necessary to note that the new provision shall be accounted only to the employee’s contributions rather than the aggregate contribution maintained to the fund carried each year.
  • Added by Sitharaman, tax returns shall be about 8% as the employee’s tax benefit, as it is assured under the tax ambit.
  • Aside from high-income earners, salaried employees who use Voluntary Provident Fund (VPF) to invest more than mandatory 12% of basic pay, will also be impacted.
  • A large tax-free interest accrual which is not taxed on withdrawal either, is now being rationalised and will mostly impact those in the high-income bracket. The method of calculation will be specified later as the taxation details have not yet been shared by the government.
  • Meanwhile, around 4 million subscribers of the government’s pension scheme Employees’ Provident Fund (EPF) are yet to receive interest payments even after one-and-a-half months of the government announcing the payout for 2019-20. The delay occurred due to a mismatch of KYC or identification of the employees at the employer’s end. The field offices of the Employees’ Provident Fund Organisation (EPFO) are reaching out to the employers
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New PF Rules have been introduced for the year 2021:

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  • New PF Rules have been introduced for the year 2021 to which the changes can be seen from the first of April, 2021. Changes shall depend upon the basic salary earned by every employee.
  • The proposal to tax interest earned on provident fund (PF) contributions has left many employees perturbed. According to the announcements made by the Union Finance Minister, Nirmala Sitharaman, the earnings may go taxable only if the interest earned on employee’s contribution is above Rs. 2.5 lakh per year that too if carried out manually by the employee.
  • This move was taken by the central government so as to potentially impact employees in high income bracket or employees making large voluntary EPF contributions.
  • Taxes shall not run upon those employees who earn a basic salary of Rs. 1.75 lakh per month approx. so that the interest is not earned in PF. This means the interest earned on contributions in case of those who earn above Rs. 2.5 lakh per annum will be taxable only if one’s tax is comparable to the taxed income that is fixed in a bank account.
  • The point of worrying about your contributions because in case these contributions surpass the cut-off limit of Rs. 2.5 lakh in a year, there will be less hope left for any employee to earn a tax-free return from his own PF balance. To explain you with an ease, The Business Head to Compliance and Payroll Outsourcing from TeamLease services, Prashant Singh explains how those these PF rule for 2021 shall work. He explains that generally employees having basic salary up to approximately Rs. 1.75 lakh per month would not attract tax on their interest earnings on PF. Those who earn beyond that Rs 1.80 lakh or more as basic salary per month would get impacted. Also, those who contribute additional in VPF and their total contribution exceeds Rs 2.5 lakh, the interest earnings would also get taxed.
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  • The tax will be on the interest earned on PF amount exceeding Rs 2.5 lakh in a year.
  • As per the Finance Bill, the interest income may be received while on the previous year in the account of the person to the extent it relates to the amount or the aggregate of amounts of the contribution made by the person exceeding two lakh and fifty thousand rupees in a previous year in that fund, on or after 1st April 2021.
  • Two reasons or say, the contributions that might surpass Rs. 2.5 lakh. Therefore, to this the PF tax calculation will be as follows:
  • Based on Basic Salary
  • Based on your voluntary contribution in voluntary provident fund
  • 12% of Basic salary generally goes into the PF account each month. For an instance, if a Basic Salary is around Rs. 1.75 lakh (just the basic salary and not your total monthly income), the monthly contribution shall be Rs 20833 approximately, aggregating it as Rs 2.5 lakh each year. This is the first reason why the contributions might effectively surpass Rs. 2.5 lakh against the introduction to the new PF rule for 2021.
  • Before youstart to panic regarding your PF, let us tell you that nothing is going to actually affect you. Your salary is not hunt nor they shall be abducted. It is just that the interest earned on the entire PF balance shall remain tax-exempt. The new PF contribution rules will not impact an employee whose monthly contribution is below Rs 20,833. However, if your Basic Salary is above Rs 1.75 lakh, there’s no escaping tax on interest earned. The only way out is if your employer provides you with an option to divert contribution to NPS.
  • According to the second reason called ‘Based on your voluntary contribution in voluntary provident fund’, Some employees contribute more than the mandatory 12 per cent towards PF. To clear the fact, the PF rules allow the contribution that is not necessarily a compulsion for any employer to get equalised with the additional contributions. They do so to earn a safe and tax-free return on their additional contributions.
  • For instances, for someone with a Basic Salary of Rs 1 lakh, the monthly contribution is Rs 12,000 which is about Rs 1.44 lakh in a year. The employee contributes an additional 12 per cent into VPF taking the total contribution to Rs 2.88 lakh in the year. In such a case, the interest earned on Rs 38,000 (Rs 2.88 lakh less Rs 2.50 lakh) will now get taxed.
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New Wage Rule Under Code of Wages passed by Parliament: Take-home salaries may reduce by April this year

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  • For increasing the gratuity and the contribution to the provident fund, A new act was passed by the parliament called Code of Wages/ Wage Code in which the take-home salary of maximum private firm employees is likely to come down. It is also announced that this new wage rules will come into effect from April 1, 2021.
  • The Code on Wages Bill, 2019 seeks to amend and consolidate laws relating to wages, bonus and matters connected therewith. It was passed in Rajya Sabha on August 2, 2019. Lok Sabha passed the bill on July 30, 2019
  • This undertaking is set by the draft rules of the central government because of the reconstruction in the salary packages of the employees. These packages are required to be aligned with the new wage rule which means the total cost to company (CTC) cannot exceed 50 per cent of the total compensation reverting the basic salary to 50% of the total pay.
  • Retirement contributions will also mean lower take-home salary for employees but the retirement corpus of employees will grow.
  • At present, several private companies prefer to set the non-allowance part of the total compensation less than 50 per cent and the allowance portion higher. However, this will change as soon as the new wage rules come to effect. The rules are expected to impact private sector employees’ salaries because they usually get higher allowances.
  • The inclusion of four labour laws of the Code Wage is the following:
  • Minimum Wages Act
  • Payment of Wages Act
  • Payment of Bonus Act and Equal Remuneration Act
  • Tramping of the employees can been seen further in future as they get on to their basic pay so as to meet the 50% basic pay as this take-home of every employee shall be deducted for providing better social security and retirement benefits.
  • The setting of non-allowances part of total compensation within the private firm sis still less than 50% of an employee’s CTC for keeping a higher portion for allowances.
  • Still confused about the Act? Check on the step-by-step explanations detailed down this page. You can get a brief learning about the system and structure.

Short-Overview:

  1. The re-structuralization of the wages should be made by the Private Sector.
  2. The allowance cannot exceed 50% of the total salary of the employees working in these private sectors. Further, the companies are required to increase the basic salary component that will get distributed as a provident fund and the rise in gratuity.
  3. The new wage rule may result in a lower take-home salary for all the employees.
  4. As per the new wage Act, at least 50% of the gross remuneration of employees shall structuralise the calculation of PF and gratuity.
  5. Under the new wage act, private companies wont be allowed to keep the allowances high and the basic salary low.
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What had happened with the Wage Code in the year 2019?

  • An attempt was made by the new wage code in 2019 to regulate and implement the wages with an ease.
  • As the 2019 Wage Code took effect, about 50% of the gross remuneration of the employees formed the basis to calculate benefits such as gratuity, retrenchment compensation, provident fund, etc where the total basic salary including several fixed allowances are below the margin of 50% of the total pay. This is going to get set up from the month of April.

What changes have been seen in 2021 as compared to 2019 Wage Code?

  • Out of 44 central government laws, 29 were the merges those resulted as the part of the four-labour code among with is the new wage code.
  • The existing acts that governed the employee’s provident fund (EPF) and gratuity will now be the part of the Code of Social Security.
  • The provident fund in 2021 shall depend up on the regulations instructed on the Wage Code, 2019.
  • Many private companies try to keep the basic pay of their employees low substantially increasing the allowance. However, the major change that can be seen in the new Wage Code is that these companies have to now restructure the salary in such a way that the employee’s basic pay remains high so as to meet the new requirements. If the salary exclusions are more than the total salary then the excess over the 50% must be inclusive within the wages that is basically based on the structure in which the EPF will be calculated.
  • The revision will result in reduction in take-home pay as provident fund (PF) contribution of most of the employees will go up. PF is calculated as a percentage of basic salary.

Effects of new Wage Code upon Private sector:

  • In addition to restructuring the pay packages, it will have significant cost repercussions for firms such as there will be an increase in the PF and gratuity, to which the workforce cost shall also increase. In addition, there will be a one-time cost increase for employers toaudit their current base of employee pay structure and align with the new system and rising compliance cost burden.
  • Firms will also see an impact is the increased gratuity cost. Currently, it is calculated on 15 days of basic pay and dearness allowance. Now, with the new calculation, gratuity will have to include the other allowances of wages such as travel, special allowance

How will the employees benefit from this?

  • With more sum deducted towards social security kitty as well as post-retirement gratuity, the scheme will prove beneficial to employees in the long run. However, while the new wage code is set for an April rollout, clarity is yet to emerge on many provisions
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Big relief for Principal Employers as Four Sets of Functionalities are allowed on EPFO:

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  • Electronic Facility has been introduced to EPFO principal employers as the EPF compliances can be viewed easily producing a great relief about their contractors.
  • The bigger permit to the subscribers of EPFO is that they can update the exit dates online themselves from their own concern whenever they will to switch their jobs. This step has been massively taken as the development holds significance as many employees in the past have complained that their former employer was not co-operating or updating exit date, leaving Employees’ Provident Fund Organisation subscribers plundered.  Earlier, an EPF account holder had to wait for their former employers to make changes with the exit dates.
  • Prior to this exclusive facility, the subscribers were unable to have an exit date on the EPFO neither could withdraw any sort of money from their respective accounts made at EPF. Even they were prevented from transferring the account from the previous one onto a new one.
  • Giving such an access or say providing such a facility, actually permitted the employees/ subscribers to carry out the EPF processes from the comfort of their homes, completely online, when one isn’t at EPFO. The retirement fund body has also guided in certain steps how you can make the required change in the EPF accounts.
  • What the Central Government has to say regarding the new wage code in EPF:
  • The Central Government employees may get their monthly PF and gratuity contribution changed from 1st April 2021.
  • The change in Provident Fund (PF) may also impact private sector employees’ EPF passbook balance as the new wage code that is likely to get implemented from 1st April 2021.
  • This new wage code has the provision to have one’s basic salary at least 50 per cent of one’s net monthly CTC.
  • No one will be able to get more than 50% of one’s net monthly salary in form of allowance if the new wage code gets implemented from the 1st April 2021.
  • According to Apurva Chandra, a secretary labour and employment, the elaborating upon the budgetary allocations and provisions and the processes made for executing rules and regulations has been initiated for four labour codes which included a new wage code. She added that the four codes namely the codes on wages, industrial Relations, occupational safety, health and working conditions and security codes is brought to the ministry after even consulting the stakeholders while framing the conventional rules regarding the EPF.
  • New wage codes were included and announced on Union Budget 2019 by the Union Finance Minister of India, Nirmala Sitharaman after the central government finalised to implement it.
  • Since, the central government is in the process of finalising the wage code, it is not clear whether the monthly salary of a government or a private employee (having EPF account) will go up or down due to new monthly contribution of the PF, EPF and Gratuity, but it’s for sure that one’s PF, EPF and Gratuity contribution will change.
  • Four Sets of Functionalities introduced at EPFO for the principal employers such as adding of the contractors and contract employees at the EPFO’s Unified portal. This registration shall engage employees through these contractors and their respective employees. These principal employees who have not had registered themselves with the EPFO can now introduce themselves easily online just by receiving login credentials so that they can add the details of their contractors and contract employees.
  • The functionality proceeds with the instruction that the principal employees can easily view their contractors just by adding the details of their contractors and employees and can ensure that their contractors have enrolled all contract workers and have remitted the EPF contribution through ECR.
  • Meanwhile, for regular EPFO subscribers, the regulatory body has made checking of balance easier from the comfort of home. EPFO subscribers can do so using four different ways –check PF balance using SMS, online, missed call and UMANG App.
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The Four sets of Functionalities allowed at EPFO:

  1. Now, EPFO registered employer engaging employees through contractor(s) can add the details of contractor(s) and contract employees at EPFO’s unified portal.
  2. PRINCIPAL EMPLOYERS (PE) not registered with EPFO can register on unified portal to receive login/password to add details of their contractor(s) and contract employees.
  3. On adding contractor’s details, PE can view through their login the employee wise remittance made by contractors through ECR.
  4. PE can now ensure their contractor(s) enrol all contract workers and remit EPF contribution through ECR

How wage code will impact your PF, Gratuity:

After the implementation of the new wage code, it will lead to change in one’s monthly PF and Gratuity contribution. However, it is yet to be seen whether the wage code gets implemented from 1st April 2021 or not as the centre is yet to make any deadline for implementation of the new wage code.

Know how to check EPF account balance online:

  1. Log on to epfindia.gov.in
  2. Feed in your UAN number, password and captcha code
  3. Click on the e-Passbook
  4. Once you file all the details, you will land up on a new page
  5. Now open member id
  6. Now you can see the total EPF balance in your account

How to check EPF balance through UMANG App:

  1. Click on EPFO.
  2. Click on Employee Centric Services
  3. Click on the View Passbook option
  4. Feed in your UAN number and password
  5. You will get OTP on your registered mobile number
  6. Now you can now check your EPF balance

How to check EPF balance through SMS:

Apart from the mobile number, the members registered on the UAN portal may get their PF details by sending an SMS from their registered mobile numbers. For this, you are required to SMS ‘EPFOHO UAN’ to 7738299899.

How to check EPF balance through Missed Call:

EPFO subscribers, registered on the UAN portal, may get their PF details available with the Employees’ Provident Fund Organisation by giving a missed call at 011-22901406 from their mobile number registered with UAN.

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How to update the EPFO Exit Date:

  1. Go to the EPFO portal www.epfindia.gov.in using your Universal Account Number (UAN) and password.
  2. Go to Manage and Click ‘Mark Exit’. Choose PF account number from ‘Select Employment’ dropdown
  3. Enter date of exit and reason of exit
  4. Click request OTP and enter OTP sent on Aadhaar-linked mobile number. Then select the checkbox
  5. Click update and the click Ok. 
  6. As you click on the ‘Ok’ tab, your date of exit will be updated successfully.

Note that the date of exit cannot be marked till two months of leaving the company

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EPFO PMGKY Reimbursement – How to Apply & Claim PMGKY Reimbursement

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Great news for the employers who are eligible to avail reimbursement under the Central Government’s PMGKY scheme. The Pradhan Mantri Garib Kalyan Yojana was launched in the year 2016 by Prime Minister Shri Narendra Modi to upfront benefit to the Employers having employment up to 100 and whose 90% of the employees are getting wages less than Rs 15000/-. The EPFO has changed the scheme changes and issued on 10th April 2020.  

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According to the guidelines by the Government of India, the EPFO have changed the Scheme guidelines in the Unified Portal so that the eligible employers can apply and avail the benefit of the PMGKY Scheme. The new changes won’t include the process of ECR filing or in the format. The eligible employers must submit a declaration before filing the ECR to avail the benefits under PMGKY scheme.

EPFO PMGKY Reimbursement Eligibility Criteria:

  • The EPFO India, has been identified the eligible establishments based on the ECRs filed by
  • them employers.
  • The contributory members will be counted from September 2019 to February 2020.
  • If the total number of such UANs has been found to be up to 100 and against these UANs the wages of 90% or more is less than 15000/-.
  • Against each of the eligible establishments, eligible members having less than 15000 wages have also been listed.
  • Whenever an employer logs into the Unified Portal, if the employers establishment code is not present in the list of the eligible establishments, then the employer will not find any change while filing the ECR.
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How to Apply for EPFO PMGKY Reimbursement Online Unified Portal?

  • Visit the EPFO Unified portal.
  • Login to the EPFO Unified Employ Portal by using your User id and password.
  • Click the PMGKY registration option.
  • Here you need to observe two things, first one if your establishments Form 5A is already attested then it will be available on the site and you can check your establishments bank account details etc, check your establishment details.
  • After confirming your establishment details click the Agree and submit button.
  • For example, if your establishments Form 5A is not there or it is missing the bank account details or any other essential details etc in that case.
  • Come back and go to the Home Page and Click ‘PMGKY Reimbursement Registration’.
  • You will be directed to the ‘PMGKY Reimbursement Registration’ online window.
  • Where your establishments Form 5A will be displayed along with the bank details.
  • Here click on the column of the establishment button.
  • After that click Agree and Submit button to submit your ‘PMGKY Reimbursement Registration’ online.
  • Once the ‘PMGKY Reimbursement Registration’ is completed a message will be displayed showing that Reimbursement application is successfully submitted.
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EPF Grievance Online Status Check How to Register PF Complaint

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EPF related grievances can be lodged by using the customized portal EPFIGMS. EPFO – Employees Provident Fund Organization launched this portal for registering grievances online from anywhere. via this EPFIGMS portal PF members, EPS pensioners, Employers and others can register grievances sitting at home and the portal enables the grievance to reach the exact place where the concerned person is expecting. By using this portal one can lodge grievance online either to the EPFO head office New Delhi or to the regional offices or to the 135 filed offices across the country.

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How to register Grievance online via EPFIGMS portal?

  • Go to the EPFIGMS portal.
  • Select register grievance from the main menu.
  • Here you have a chance to register grievance in four ways first one is as an PF member or EPS pensioner or Employer or others.
  • Choose any one of the options which suits you.
  • For example if you are a PF member you need to enter your UAN number to register grievance or you need to enter your PPO number in case you are a EPS pensioner, establishment number in case if you are an employer or if you are none of the first three then you need to enter your personal details like name, address, mobile number etc. to register grievance.

For online Grievance register – https://epfigms.gov.in/

How to View Status of PF Grievance online?

  • Go to the EPFIGMS portal.
  • Select view status from the main menu.
  • You will be directed to the online view status form.
  • You need to fill this form starting with the grievance registration number, grievance password, mobile number and the captcha code present in the box below and click the submit button to view the PF Grievance status online.
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EPF Grievance Status check online – https://epfigms.gov.in/

How to send remainder online for PF Grievance?

  • Go to the EPFIGMS portal.
  • Select send remainder from the main menu.
  • You will be directed to the online send remainder form.
  • You need to fill this form starting with the grievance registration number, grievance password, mobile number and the captcha code present in the box below and click the submit button to submit the send remainder form online.

To send remainder form online for PF Grievance – https://epfigms.gov.in/

How to Upload Grievance Document online for Lodging PF Grievance?

  • Go to the EPFIGMS portal.
  • Select upload Grievance Document from the main menu.
  • You will be directed to the online grievance document upload window    .
  • You need to fill this form starting with the grievance registration number, grievance password, mobile number and the captcha code present in the box below and click the submit button to upload the grievance document online.

PF grievance document upload online – https://epfigms.gov.in/

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How to Check TRRN Status Online – PF Payment Process

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What is TRRN?

The full form of TRRN is Temporary Return Reference Number. TRRN is the number which is generated by the EPFO against the payment transaction while a PF account holder or an employer makes an online payment towards the PF monthly contribution.

How to Check TRRN Status Online Explained on YouTube:

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How to Check TRRN Status Online?

  • Go to the google search bar
  • Type TRRN status and click enter
  • EPFO TRRN Details official website URL will be displayed
  • Upon clicking on the EPFO TRRN details URL you will be directed to the unified portal-EPFO website
  • Enter the TRRN number and enter the captcha code mentioned below
  • Your TRRN status will be displayed where you can find the details like your TRRN number, confirmation of the payment, challan type etc.
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EPFO TRRN Status check online – https://unifiedportal-epfo.epfindia.gov.in/publicPortal/no-auth/misReport/home/loadSearchTrrnHome

How to Pay PF Online?

  • Visit the unified portal of EPFO & Login to the unified portal of EPFO using your Electronic Challan cum Return (ECR).
  • Once check the PF details displayed are correct.
  • Select the ECR upload option from the Payment drop down menu.
  • ECR upload window will be displayed where you need to select Wage Month, Salary Disbursal Date, Rate of contribution.
  • After selecting now upload ECR text file.
  • Upon uploading the ECR text file, File Validation Successful message will be displayed if the uploading process is successful and the TRRN generated will be displayed for the uploaded ECR file.
  • Note down the TRRN number and hit the Verify button.
  • Once the verification is completed now hit the Prepare Challan button to get ECR summary sheet.
  • In the ECR summary sheet click on pay.
  • Select the mode of payment online and select your Bank from the list of Banks.
  • After the successful payment, Payment Transaction-id will be generated with e-Receipt.
  • EPFO provides the payment confirmation against the TRRN number.
  • That you can check the TRRN status by using the first process discussed in the article.

EPF payment online – https://unifiedportal-emp.epfindia.gov.in/epfo/

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EPF Passbook Registration Check EPF Balance Through ePassbook

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EPFO – Employees Provident Fund Organization is providing an online EPF Passbook facility through which the EPF account holders can check their EPF balance, PF account statements monthly, quarterly, half yearly and annually, not only can view the details but also they can download the statements and print them. The only thing the EPF account holders must do is UAN member portal registration. The EPF account holders who have registered for UAN member portal those EPF account holders can use this ePassbook facility.

EPF Passbook Kaise Check Karte Online Pe Explained in Hindi

How to Check the EPF Passbook Online?

  • Visit the Government EPFO  portal
  • Select the EPF passbook option from the main menu
  • EPFO online services window will be displayed.
  • Select the EPF passbook option.
  • EPF epassbook online window will be displayed
  • Login to the Unified Member Portal by using your user id and password.
  • EPF passbook will be displayed
  • You can check the PF balance, EPF statement, download the statements etc.

EPF Passbook check online – https://www.epfindia.gov.in/site_en/epassbook.php

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How to Download the EPF Passbook Online?

  • Visit the Government EPFO  portal
  • Select the EPF passbook option from the main menu
  • EPFO online services window will be displayed.
  • Select the EPF passbook option.
  • EPF epassbook online window will be displayed
  • Login to the Unified Member Portal by using your user id and password.
  • EPF passbook will be displayed
  • You can check the PF balance, EPF statement, download the statements etc.
  • According to your requirement you can download the PF statement, EPF balance statement etc online.

Download EPF Passbook – https://www.epfindia.gov.in/site_en/epassbook.php

How to Register EPFO Unified Member Portal to avail EPF Passbook services?

  • Visit the Government EPFO official portal
  • Select the EPF passbook option from the main menu
  • Unified Member Portal for e passbook will be displayed
  • Fill the e passbook online application form.
  • After completing the online form click the submit button
  • Unified Member portal confirmation message will be displayed.
  • After the registration process you must activate it by signing in to the Unified Member Portal.
  • It will take 6 hours for the activation of your Unified Member Portal activation.
  • After 6 Hours you can use your e passbook option.

Register to EPF Unified Member portal – https://www.epfindia.gov.in/site_en/epassbook.php

How to Activate EPFO Unified Member Portal online to use EPF Passbook services?

  • Once the Unified Member Portal registration is done then you have to activate the account by signing in to the account by using your User id and password.
  • It will take a minimum time of 6 hours for the activation after the registration is completed.
  • Visit the Government EPFO official portal
  • Select the EPF passbook option from the main menu
  • Unified Member Portal for e passbook will be displayed
  • Login to the Unified Member Portal by using your User id and password.
  • Unified Member Portal e passbook online activation window will be displayed.
  • click the activate button to activate your Unified Member portal
  • After the activation, you can use the EPF passbook after 6 hours.

EPF e passbook activation – https://www.epfindia.gov.in/site_en/epassbook.php

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