EPFO deadline for employers to file wage details extended till Jan 31

An online facility was made available by EPFO for submitting applications for validation of options/joint options for pension on higher wages, a labour ministry statement said

EPFO
A last opportunity of 15 days was further given to remove any difficulty faced by them | File image
Press Trust of India New Delhi
2 min read Last Updated : Dec 18 2024 | 1:56 PM IST

Retirement fund body EPFO has extended time till January 31, 2025 for employers to upload wage details etc regarding 3.1 lakh pending applications for pension on higher wages.

An online facility was made available by EPFO for submitting applications for validation of options/joint options for pension on higher wages, a labour ministry statement said.

The facility was for eligible pensioners or members in compliance with the Supreme Court order on November 4, 2022. It was launched on February 26, 2023 and was to remain available only till May 3, 2023.

However, considering representations of employees, the time was extended to June 26, 2023 in order to provide complete four months to eligible pensioners/members for filing applications.

A last opportunity of 15 days was further given to remove any difficulty faced by them.

Accordingly, the last date for submission of applications was extended to July 11, 2023 and a total of 17.49 lakh applications were received from pensioners/members till July 11, 2023.

In view of representations received from Employers & Employers' Associations, wherein requests were made to extend the time for uploading the wage details, employers were given multiple opportunities to submit wage details etc. online till September 30, 2023, again till December 31, 2023 and thereafter till May 31, 2024.

In spite of so many extensions, it has been observed that more than 3.1 lakh applications for validation of options / joint options are still pending with employers.

Many representations have been received from Employers & Employers' Associations, requesting extending the time further.

Therefore, the ministry said a "final opportunity" is being given to the employers till January 31, 2025 to ensure that they process and upload these pending applications.

Employers are also requested to submit replies/update the information by January 15, 2025, in over 4.66 lakh cases where EPFO has sought additional information/ clarification in respect of applications that have been received and examined by EPFO.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :EPFOemployersPensions

First Published: Dec 18 2024 | 1:56 PM IST

Next Story