To reduce the workload of exempted establishments and ensure better monitoring of provident fund investments the EPFO has launched the facility for filing electronic returns.Launching the software on Monday the Labour Minister Oscar Fernandes said that the facility would benefit over 3,000 exempted establishments that were now required to file their monthly and annual paper returns.
He said ultimately it was the Employees Provident Fund Organisation (EPFO) which had been entrusted with the responsibility to ensure that employees were paid provident fund and pension.
Labour Secretary Gauri Kumar called for close monitoring of exempted establishment as they manage the provident fund account of over 56 lakhmembers and the funds size of these exempted establishments had exceeded Rs 1,59,000 crores.
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