The employers and employees, who want to access the EPFO website, need to activate their UAN. Through the portal of EPFO, one can activate the UAN number very easily. By the EPFO, every employee gets the allotment of UAN of the EPF scheme. The UAN is provided on the salary slip which...
You may be required to submit a few documents to your employer to generate your UAN. When you start a new job, most employers in India open an Employee Provident Fund (EPF) Account for you in which they deposit a percentage of your salary for savings. The employer also creates a Universa...
If you’re using payroll software that has an employee self-serve portal, it will be easier to publish payslips and employees can log in to access their account and payslips. Reporting:After you’ve completed payroll for a particular month, yourfinancedepartment or management team might ask fo...
The Universal Account Number must be linked with the KYC i.e. Aadhaar, PAN and bank details. Note: In case of absence of any of these conditions, approval from the employee’s previous employer is required. Step 1: Visit the MEMBER e-SEWA portal to initiate the process. Step 2: Enter...
After doing all the payroll calculations, you need to ensure there are sufficient funds in your business bank account to transfer salary to employee salary accounts. Then, a salary bank statement is sent to the respective branch. This statement contains details like employee name, employee ID, sa...
# Interest accumulated on your (employee) contributions will be taxed under the head “Income from other sources”. Now you come to know who is eligible for TDS while withdrawing the TDS. Who are eligible to submit the Form 15G/H while EPF withdrawal?
Other Deductions: Income Tax Deductibles such as EPF, PT, TDS, and so on. Net Pay: In-hand salary for the employee 4. Data Input After you’ve decided on the factors that are important to your organisation inpayroll management, it’s time to start entering data. As a result, without ...
Requirements for transfer of EPF to NPS To transfer EPF to the NPS, one should have an active NPS Tier-I account. One can open NPS account through the employer, through eNPS portal, or physically through Points-of-Presence or POP(i.e, banks or any entities registered as PoPs with PFRDA...
Once the ZIP folder downloads, extract and open the utility in a folder. Note: Refer to the ‘Read Me’ document on the page in case you require more information. Enter all the details in the ITR form. At this stage, you may use the pre-filled XML for entering the form. Here’s ...
UAN can also be used to check an employee's EPF balance at the new UAN portal. Each time an employee logs in to view their passbook, they have to enter their user name, which is their unique UAN, then their password, and Captcha that is provided right under the password box. ...