Hello, in this post we will discuss the steps for PF online payment on the EPFO portal.
We will see the following topics in this post:
Employees’ Provident Fund Organisation (EPFO) has Employee Provident Fund (EPF) scheme which is a savings account to benefit the employees. Both registered employer and employee will contribute a fixed percentage compulsory each month.
As per the PF Act, every company which has more than 20 employees, (including contract employees) should register under PF Act.
EPF is only applicable to individuals whose monthly earnings is up to Rs 15,000. Nevertheless, the employers and employees who are not a part of EPF can voluntarily register for PF known as Voluntary Provident Fund (VPF).
All companies can only do PF online payment from September 2015. The employer can make online payments either on the EPFO website or through any authorised bank website in which he holds an account and net banking.
You can look into our blog to know more about EPFO portal- EPF Portal for Employers and Employees
The 10 banks that can assist any employer in PF online payment are State Bank of India (SBI), Punjab National Bank (PNB), Indian Bank, Allahabad Bank, Union Bank of India, Bank of Baroda, HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank.
You can learn more about on EPF rules for employer in our blog – Employees Provident Fund (EPF) rules for employer
Steps for PF online payment
Step-1: Go to the EPFO website portal and login using the Electronic Challan cum Return (ECR) credentials.
You need to ensure that your establishment details shown such as establishment ID, Name, address, exemption status etc. are correct.
Step-2: Select ECR upload from the Payments option dropdown.
Step-3: Select the particular ‘Wage Month’, ‘Salary Disbursal Date’, Rate of contribution and upload the ECR text file.
The uploaded ECR file will be validated for predefined conditions and a screen will appear with the message ‘File Validation Successful’.
If ECR is not validated, the error will be displayed. Correct the ECR text file for the specified format and upload it again till it is successfully validated.
Step-4: In the same page, the generated TRRN will be displayed for the uploaded ECR file. Then, click on ‘Verify’
Step-5: Next, click on ‘Prepare Challan’ option to generate an ECR summary sheet.
Step-6: Now enter Admin/Inspection Charges and click on the ‘Generate Challan’ Button.
Step-7: Next step is to click on ‘Finalize’ button after verifying the challan amount.
Step-8: Finally, Click on Pay against the relevant TRRN.
Select payment mode as ‘online’ and choose from any of the banks appearing in the drop-down menu and click on ‘continue’ option.
This action will take you to your bank’s internet banking login website, where you log in and make the online payment.
After your payment is done, Payment / Transaction-id will be generated and an e-Receipt for the transaction confirmation will be populated.
This online transaction will be updated on the EPFO Portal.
EPFO will then provide a payment confirmation against the TRRN number.
- You can use the UMANG (Unified Mobile APP for New Governance) for most of the
- EPFO has also introduced online payments through Multi banking.
Authorised list of Banks for PF payment
Given below are the complete list of authorised list of bank website. This will help the employer with the PF online payment.
With that, we have come to the end of this post on online PF payment in the EPFO portal.
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