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Changing PF Trust from Non- EDLI to EDLI Scheme in a middle of the Financial Year - India Payroll

Feb 23, 2017 at 11:28 AM

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Dear Experts,

My Client wants to change the PF Trust from Non-EDLI to EDLI Scheme w.e.f 01.01.2017. Currently using the Non-EDLI PF Trust, which do not generate (/3F7, /3F8 ). But from Jan-2017 client wants to use EDLI Scheme, which generates the (/3F7 & /3F8 ). By changing the PF trusts in a middle of a Financial year is there any affect in the below PF & Pension Reports generation while submitting challan?

1) PC00_M40_EPF - Form5, Form10 & Form12A

2) PC00_M40_PFE - Form5,Form10 & Form12A with Annexure for Trust wise Details

3) PC00_M40_EPN - Pension forms - Form4, Form5 & Form6.

4) PC00_M40_PNE - Form4,Form5 & Form6 with Annexure for Trust wise Details

5) PC00_M40_PFY - Annual PF Report ( Form 3A , Form 6A )

6) PC00_M40_PNY - Annual Pension Reports (Form 8, Form7)

Experts please advise,

Thanks & Regards,

Mastan Shaik

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1 Answer

Aman Tyagi
Mar 16, 2017 at 12:02 PM
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Hello Mastan,

You should probably advise your client to NOT do this. A better solution would be to create entirely new Trust IDs which are EDLI trusts and assign the employees to these new trusts from 1.1.2017. A mid-year change from EDLI to non-EDLI or vice versa is not advisable, neither should you change the type of trust, as that could lead to audit problems down the road.

Best Regards,

Aman

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