NEW DELHI : The employees provident fund organization (EPFO) Thursday allowed companies to file the electronic returns on time but deposit PF deductions late, a move that will ease compliance burden on employers.
The move implies separation of filing of return and the payment of the statutory contributions simultaneously within a certain time frame. “The ECR can now onwards be filed by an employer without the need of simultaneous payment of contributions and contributions may be paid later by the employer after filing the ECR," retirement fund body EPFO said. “In the current scenario of lockdown …the businesses and enterprises are not able to function normally and are facing liquidity/cash crunch to pay their statutory dues even though