EPFO- PRADHANMANTRI GARIG
KALYAN YOJNA (PMGKY)
The
Employees Provident Fund Organization (EPFO) today said it has set up an
electronic instrument for crediting EPF and EPS records of its subscribers according
to the bundle reported by the Union Government under PM Gareeb Kalyan Yojana
(PMGKY). The bundle was reported on March 26 keep going for helping the poor to
battle Corona virus pandemic. The Central government had said it will
contribute 24 percent of pay (12% business share+12%empoyee share) of
representatives working in firms having up to 100 laborers of which 90% pull
back not more than Rs 15,000/month compensation. This commitment will be made
by the legislature for a quarter of a year
Eligible
establishments can now claim the relief by filing Electronic Challan-cum-return
(ECR). The due amount on behalf of Employers and Employees reflected in the ECR
on account of EPF and EPS (24% wages) will be credited by the Central
Government for three months in UANs of contributory EPF members, earning a
monthly wage of less than Rs.15000, who are already employed in EPF covered
establishments/factories employing up to one hundred employees with 90% or more
of such employees earning a monthly wage of less than Rs.15000. Around 79 lakh
subscribers and approximately 3.8 lakh establishments are expected to benefit
from the package.
The
Central Government had launched the Pradhan Mantri Garib Kalyan Yojana (PMGKY)
on 26.03.2020 to help poor fight the battle against Corona Virus pandemic. The
PMGKY package is aimed at preventing disruption in the employment of low
wage-earning EPF members and extending support to the eligible EPF covered
establishments
Employees Provident Fund (PF) calculation: How much more you will take-home after PF rules change for COVID-19
To
implement the above package, the Ministry of Labour and Employment had
subsequently notified the Scheme specifying the objective, eligibility
criteria, validity period, process and manner to avail the relief.
How to avail relief
The
ministry said that the Electronic Challan-cum-Return (ECR) filing will enable
the establishments to avail the relief in respect of their eligible employees.
The employer in relation to any eligible establishment, shall disburse wages
for the month to all employees of the establishment and file Electronic Challan
cum Return (ECR) with required certificate and declaration to avail the benefit
under the Scheme.
The
challan will show the amount of employees’ and employers’ contributions due as
Central Government relief in respect of eligible employees and the remaining
amount payable by the employer after the ECR is uploaded and validation of the
eligibility of establishment and employees.
After
the employer remits the payment due from him for other employees, as reflected
in challan, the EPF and EPS contributions will be credited directly in the UAN of the eligible employees of the establishment by the Central Goverment.
The
details of the Scheme and FAQs containing clarifications on various aspects of
the package are available on homepage of EPFO website under the TAB “COVID-19”
EPF એકાઉન્ટમાંથી પૈસા ઉપાડવા માટે કયા દસ્તાવેજોજરૂરી છે ?
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