Employees' Provident Fund Organisation (EPFO) has provided facility of online submission of Form 5A (Return of Ownership), it said in a statement.
EPFO added it has discontinued the physical submission of the form.
Now, employers can update Form 5A online and submit with e-signature. This will not only reduce the unnecessary paperwork but also avoid visits to EPFO field offices.
EPFO has also launched the facility for online payment of Section 14B and Section 7Q dues.
It said that for facilitating ease of doing business, it has launched the online functionality for calculation and payment of damages under Section 14B and interest under Section 7Q against belated remittances.
If an employer makes payment of dues after the due date, he/she is liable to pay damages (under Section 14B) and interest (under section 7Q).
So far, the EPFO used to send the notices to employers under Section 14B and Section 7Q against their belated payments.
Under the new functionality for belated payment, the employer can select the cases where he/she wants to make payment immediately.
The system will generate auto challan. The employer can know the 14B and 7Q dues immediately and make the payment accordingly, thereby avoiding the requirement of visits to EPFO field offices, it added.