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Road Map for GROWTH
Road Map Benefits to Employers Human Resource
Market Share & Growth Benefits to the Organisation Physical facilities
Benefits to Subscribers IT Reform Early Payoffs
Reinvented EPF Benefits to Employers
 

Ability to electronically file the monthly return with particulars of employee-wise contribution.
The number of returns to be filed in a year will be reduced to 12 from the present 48.

  • The process of receipt of contributions and confirmation of contributions by employers/banks will be integrated and computerised in order to eliminate missing credits and delays and consequent inconvenience and increase in cost for the employer.

  • Registration will be streamlined and any employer who fulfilling the eligibility criteria under the law will be able to register with EPF and obtain a nationally unique business number in order to comply with the law without reference to EPF.

  • EPF will give every employer a unique business number which will be integrated with the Permanent Account Number issued by the Income Tax Department. This will be a significant step towards a regime where businesses and trade in the country use a common business number for economic transactions as is the norm in developed economies.

  • Voluntary compliance will be the norm and enforcement action will become the exception. EPF will consistently and consciously move to a regime that encourages and facilitates trust and voluntary compliance and that seeks to put in place systems and processes that continually reduce the representation and compliance cost for law-abiding employers.

  • EPF will identify and give recognition to model employers and put in place systems that give fast track service within the Organisation to such recognized model employers and their employees.

  • EPF has already rolled back the "Inspector Raj' and will further bring about systemic changes that will put in place an IT assisted information driven environment that compels pro-compliance choices.

  • Compliance actions will be focused on delinquency, under-reporting or non-reporting of employment strength and contributions and will seek to encourage migration from delinquent categories to the compliance mainstream.

  • EPF will put in place systemic changes that eventually remove one to one relationship in dealings with EPF with the creation and strengthening of IT assisted institutional systems.

  • EPF will support the competitive advantage of Indian businesses by reducing compliance costs.
 
 
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