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ENDING hassles of employers in payment of employees provident fund (EPF) subscription of employees, the government on Tuesday started an electronic mechanism that promises to bring transparency and accessibility.
The initiative, launched by labour and employment minister Mallikarjun Kharge, offers an opportunity to employers to file their returns online from anywhere and anytime.
"The hassles of preparing various monthly and annual paper returns and visiting the EPFO offices for submitting them will become a thing of the past," Kharge said.
He said provisions are being made under the scheme so that employees can also check their accounts for updates.
He said Employees Provident Fund Organisation (EPFO) offices would not have to manually enter the returns in the system to update information and make several communications in case of mistakes or deficiencies in paper returns.
EPFO commissioner RC Mishra said with the updating of the new employee and existing employee details under the new online initiative, the claims settlement process would become much quicker. This will also do away with the need of annual accounts preparation at the end of the year.
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