Real-Time Monitoring System for Exempted Establishments
EPFO has implemented online filing of returns by exempted establishments. Subsequent to the introduction of the new software, real-time monitoring of exempted establishments has also commenced. It is required that all the exempted establishments/employers are required to file the statutory online returns in time i.e. on or before 25th of the month following that to which it relates.
On the basis of the parameters mentioned in the circular, a rank list of performance monitoring of PF exempted establishments shall be prepared for the preceding month in which returns are required to be filed and shall be published on the EPFO website on the first day of the succeeding month. The system of ranking the establishments has been envisaged to develop a healthy competition among the exempted establishments and to enable the concerned organization to evaluate their performance.
The field offices are directed to monitor all other performance parameters of the exempted establishments during a compliance audit.