EPFO Extends Deadline For Submitting Aadhaar To June 30
By Team Legistify / 2017-06-09

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Retirement fund body EPFO has extended the deadline for submitting Aadhaar number to June 30 for its over four crore members. However, the deadline for submission of Aadhaar number would be September 30, 2017 in case of north east states.

The Employees' Provident Fund Organisation (EPFO) had set April 30, 2017 as the deadline for submitting Aadhaar number earlier. The EPFO in January made it mandatory for its pensioners and subscribers to submit Aadhaar numbers.

The central government contributes 1.16 percent of the basic wages as subsidy to every member Employees Pension Scheme Account in addition to 8.33 percent deposited by their employers every month. Since the government provides subsidy to an EPFO member, it has invoked Section 7 of the Aadhaar (Targetted Delivery of Financial and other Subsidies, Benefits and Services) Act 2016, for the purpose.

The Section 7 of the Act provides that where government provides subsidy, benefit or service from Consolidated Fund of India, an individual can be asked to undergo authentication, or furnish proof of possession of Aadhaar number. It also provides that where an individual to whom no Aadhaar number has been assigned, such individual can apply for enrolment.

News Source - BloombergQuint


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