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

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

Payroll | Taxation | Compliance

Universal Account Number

• The Concept : An Umbrella Identification for a single member irrespective of his employments at various establishments

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)

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 )

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.

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

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

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

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

Payroll | Taxation | Compliance

Implementation at Establishments - Process Flow

UAN Dissemination to your employees

Payroll | Taxation | Compliance

Implementation at Establishments - Process Flow

UAN Dissemination to your employees

TXT Format Preferred for Large EmployersSome Employee UAN Missing

Payroll | Taxation | Compliance

Implementation at Establishments - Process Flow

UAN Dissemination to your employees

TXT Format Preferred for Large EmployersBut…

Payroll | Taxation | Compliance

Implementation at Establishments - Process Flow

UAN Dissemination to your employees

TXT Format Preferred for Large EmployersBut…

Challenge # 1

Payroll | Taxation | Compliance

Implementation at Establishments - Process Flow

UAN Dissemination to your employees

Challenge # 1

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

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

Payroll | Taxation | Compliance

Implementation at Establishments - Process Flow

Seeding of KYC and Verification

Payroll | Taxation | Compliance

Implementation at Establishments - Process Flow

Seeding of KYC and Verification

PANAadhar NumberBank InformationDriving LicenseNPRPassport

Payroll | Taxation | Compliance

Implementation at Establishments - Process Flow

Seeding of KYC and Verification

Challenge # 3

Payroll | Taxation | Compliance

Implementation at Establishments - Process Flow

Seeding of KYC and Verification

Challenge # 4Size RestrictionsErrors (Eg.Expiry/Length)

Payroll | Taxation | Compliance

Implementation at Establishments - Process Flow

Seeding of KYC and Verification

Challenge # 4Size RestrictionsErrors (Eg.Expiry/Length)

Payroll | Taxation | Compliance

Implementation at Establishments - Process Flow

Seeding of KYC and Verification

Challenge # 5Digitally Sign

Payroll | Taxation | Compliance

Implementation at Establishments - Process Flow

Seeding of KYC and Verification

Challenge # 6

Payroll | Taxation | Compliance

Implementation at Establishments - Process Flow

Seeding of KYC and Verification

Challenge # 6

Payroll | Taxation | Compliance

Implementation at Establishments - Process Flow

Payroll | Taxation | Compliance

Implementation at Establishments - Process Flow

Seeding of KYC and Verification

Challenge # 6

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

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.

Payroll | Taxation | Compliance

• Thank you