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) provides EPF scheme is a kind of savings account to benefit the employees. Both registered employer and employee need to equally contribute a certain percentage at regular intervals to the Employee Provident fund.
EPF scheme is only applicable to those individuals with monthly earnings up to Rs 15,000. But employers and employees who are not a part of the scheme can voluntarily register for PF.
The employer can make online payments either on the EPFO website or by authorised bank website (direct payment through their website) in which he has an account and net banking.
The 10 banks that can assist in PF online payment are SBI, PNB, Indian Bank, Allahabad Bank, Union Bank of India, Bank of Baroda, HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank.
All companies compulsorily need to do PF online payment from September 2015.
Steps for PF online payment
Step-1: Go to the EPFO website portal and login using your Electronic Challan cum Return (ECR) credentials.
You need to ensure that your establishment details such as establishment ID, Name, address, exemption status etc shown 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 the ECR file is not validated, an error will be displayed on the screen. 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 need to log in and make the payment through net banking.
Payment / Transaction-id will be generated and an e-Receipt for the transaction confirmation will be populated when your payment is successful.
This transaction will be updated on the EPFO Portal.
The confirmation of payment against the TRRN number will be provided by the EPFO.
Links for Bank Specific PF Payments
Below are the links of the specific bank website which shows you the procedure of 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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What is the PF Inspection Charges ?
In respect of exempted establishment under the P.F. Scheme employer is liable to pay only inspection charges at the rate of 0.18% of emoluments.
Is ecr correction done by employer or can employee also do the correction?
It is done only by the employer.
Can i pay PF for a month is parts?
Yes, you can
Can I use Credit card to pay EPF online instead of NetBanking?
No… Currently, you do not have that option.
as a employee can i pay directly to epf from my bank account, if so kindly provide the details how much i can pay per month in addition to the employer contribution without deducting from salary. ie directly my contribution every month through online
No. This is not possible