Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR...
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Transcript of Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR...
![Page 1: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/1.jpg)
Payroll | Taxation | Compliance
WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR
Implementation, Challenges and Solutions08-08-2014 ; 11AM – 12 Noon
Don’t have Audio on your system ? Want to InteractPlease use the number of your city (or) a nearest city to your location.
Mumbai 022 3377 3366 ; Delhi 011 3377 3366 ; Bangalore 080 3377 3366 ;Hyderabad 040 3377 3366 ; Chennai 044 4298 3322 (or) 044 2370 2370
Once connected, Please key in Participant PIN : 672119# You can connect through your Landline (or) Mobile phone.
Payroll | Taxation | Compliance
![Page 2: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/2.jpg)
Payroll | Taxation | Compliance
AGENDA
• UAN – Cause & Effect• Implementation of UAN in your organization ( Now & Future )• Probable Challenges to be faced ( Discussion )• Possible Solutions ( Discussions )• General Q & A about UAN
![Page 3: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/3.jpg)
Payroll | Taxation | Compliance
Universal Account Number
• The Concept : An Umbrella Identification for a single member irrespective of his employments at various establishments
![Page 4: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/4.jpg)
Payroll | Taxation | Compliance
Universal Account Number
• The Requirement : • Dormant PF Accounts• Huge unclaimed amounts – Estimated Rs.22363 Crores as on 31-03-
2012,• Rs.300 Crores added every year, • Loss of administrative fees for EPFO (as employers do not pay Admin
charges on exit employees)
![Page 5: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/5.jpg)
Payroll | Taxation | Compliance
Universal Account Number
• Not reaching the needy• EPFO is the only “Social Security Scheme” (Partial) in India• Members need to be empowered with• Expectation is UAN would reduce withdrawals on exit & instead opt for
transfer ( Currently 27% of Members withdraw instead of transfer )
![Page 6: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/6.jpg)
Payroll | Taxation | Compliance
Universal Account Number
• UAN is a new facility, hence no requirement to modify the EPFO Act• Introduced thru a circular R-1/C-DAC/2014 dated 21st July 2014• Employers (Establishments) receive email communication thru
respective RPFC’s of their region to extend support & assist implementation of UAN
• Changes / Modifications done to accommodate and make UAN Mandatory in the future – OTCP– Employer E-Sewa– UAN Member Portal, etc.
![Page 7: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/7.jpg)
Payroll | Taxation | Compliance
Universal Account Number
• Cause– Loss of revenue to EPFO – Huge Unclaimed Amounts– Dormant PF Accounts
• Effect– Eliminate Redundancy– View PF/PS as a real SS Benefit– Improve Service Delivery and Governance
![Page 8: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/8.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments
• Employers have been asked to do the following :
– Enable Allotment of UAN – Dissemination of UAN to respective Employees– KYC Capture, Approval and documentation
![Page 9: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/9.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments
NOW ONGOING
UAN Dissemination to your employees UAN Dissemination to the new joinees
Seeding of KYC & Verification Approval of KYC data & Documentation
Update Member Master Update Member Master
Form-11 to be received
Tag Previous Member ID to UAN
![Page 10: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/10.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments
NOW ONGOING
UAN Dissemination to your employees UAN Dissemination to the new joinees
Seeding of KYC & Verification Approval of KYC data & Documentation
Update Member Master Update Member Master
Form-11 to be received
Tag Previous Member ID to UAN
![Page 11: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/11.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
UAN Dissemination to your employees
![Page 12: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/12.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
UAN Dissemination to your employees
TXT Format Preferred for Large EmployersSome Employee UAN Missing
![Page 13: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/13.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
UAN Dissemination to your employees
TXT Format Preferred for Large EmployersBut…
![Page 14: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/14.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
UAN Dissemination to your employees
TXT Format Preferred for Large EmployersBut…
Challenge # 1
![Page 15: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/15.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
UAN Dissemination to your employees
Challenge # 1
![Page 16: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/16.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
UAN Dissemination to your employees
Most Likely methods :• Email Communication• Your Employer Self Service Portal• A new field on your Payslip (should not remove current Member ID)
Challenge # 2
![Page 17: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/17.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments
NOW ONGOING
UAN Dissemination to your employees UAN Dissemination to the new joinees
Seeding of KYC & Verification Approval of KYC data & Documentation
Update Member Master Update Member Master
Form-11 to be received
Tag Previous Member ID to UAN
![Page 18: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/18.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
Seeding of KYC and Verification
![Page 19: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/19.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
Seeding of KYC and Verification
PANAadhar NumberBank InformationDriving LicenseNPRPassport
![Page 20: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/20.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
Seeding of KYC and Verification
Challenge # 3
![Page 21: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/21.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
Seeding of KYC and Verification
Challenge # 4Size RestrictionsErrors (Eg.Expiry/Length)
![Page 22: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/22.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
Seeding of KYC and Verification
Challenge # 4Size RestrictionsErrors (Eg.Expiry/Length)
![Page 23: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/23.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
Seeding of KYC and Verification
Challenge # 5Digitally Sign
![Page 24: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/24.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
Seeding of KYC and Verification
Challenge # 6
![Page 25: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/25.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
Seeding of KYC and Verification
Challenge # 6
![Page 26: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/26.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
![Page 27: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/27.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments - Process Flow
Seeding of KYC and Verification
Challenge # 6
![Page 28: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/28.jpg)
Payroll | Taxation | Compliance
Implementation at Establishments
NOW ONGOING
UAN Dissemination to your employees UAN Dissemination to the new joinees
Seeding of KYC & Verification Approval of KYC data & Documentation
Update Member Master Update Member Master
Form-11 to be received
Tag Previous Member ID to UAN
![Page 29: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/29.jpg)
Payroll | Taxation | Compliance
• LETS START WITH OUR QUESTIONS
• Want to InteractPlease use the number of your city (or) a nearest city to your location. Mumbai 022 3377 3366 ; Delhi 011 3377 3366 ; Bangalore 080 3377
3366 ;Hyderabad 040 3377 3366 ; Chennai 044 4298 3322 (or) 044 2370 2370Once connected, Please key in Participant PIN : 672119# You can connect through your Landline (or) Mobile phone.
![Page 30: Payroll | Taxation | Compliance WELCOME TO THE EPFO – UAN CONFERENCE CALL CUM WEBINAR Implementation, Challenges and Solutions 08-08-2014 ; 11AM – 12 Noon.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649e675503460f94b620ba/html5/thumbnails/30.jpg)
Payroll | Taxation | Compliance
• Thank you