Thursday, November 29, 2018

What Does Mean By NCP Days?

NCP full form is abbreviated as Non-Contributing Period which is associated with Unpaid Leave or Leave without pay i.e, absent period for which the employee is not paid. During NCP days Pf contribution is not credited to the concerned employee PF account says wisdom jobs career edge experts. Many employers fill the column of NCP days to ‘0’ and it does not pose a problem while finalizing the returns but the employer will face the risk of providing inadequate or insufficient information. While filing the returns, the employer must disclose the NCP days of the employee so that the EPFO gets total information about non PF contribution days finds wisdom jobs reviews career experts.

NCP Days:
NCP Days help the PF department to understand that how many days the employee provided his/her services to the company or organization and also the total number of paid days says wisdom jobs complaints career experts. This process helps to get the exact number of working days of an employee from his/her joining till leaving. For example, if an employee works for 6 months in which 24 days of total NCP, the employee cannot apply for PF withdrawal because he has not completed a total of 180 days service to the company. In the same manner, if an employee worked for 10 years exclusive of NCP days then he/she is not eligible for a pension but can withdraw total PF.
EPF software or Employee Provident Fund Management Software version 4.0 ECR ( Electronic Challan cum Return compatible) is helpful in generating ECR which to be produced to the EPFO. The main feature of this software is to maintain the records of employee working and nonworking days, PF contribution during his/ her service period. This software helps to get monthly PF balance checks, generation of Monthly challans, Form 12, Form 5, Form 3A, Form 6A, Form 10, covering letter and reconciliation statement.
What is NCP day? defined as the number of days or a certain period for which the employee takes the leave with loss of pay and these leaves come under Unpaid Leave according to the organization rules.

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