
{"id":7186,"date":"2025-03-24T11:58:27","date_gmt":"2025-03-24T06:28:27","guid":{"rendered":"https:\/\/payrule.in\/?p=7186"},"modified":"2025-03-24T11:58:27","modified_gmt":"2025-03-24T06:28:27","slug":"naps-year-end-reminder-five-checkpoints-to-follow","status":"publish","type":"post","link":"https:\/\/payrule.in\/index.php\/2025\/03\/24\/naps-year-end-reminder-five-checkpoints-to-follow\/","title":{"rendered":"NAPS : Year End Reminder &#8211; Five Checkpoints to follow"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">NAPS : Year End Reminder &#8211; Five Checkpoints to follow<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"887\" height=\"607\" src=\"https:\/\/payrule.in\/wp-content\/uploads\/2024\/03\/bank-kyc-2.jpg\" alt=\"\" class=\"wp-image-5089\" srcset=\"https:\/\/payrule.in\/wp-content\/uploads\/2024\/03\/bank-kyc-2.jpg 887w, https:\/\/payrule.in\/wp-content\/uploads\/2024\/03\/bank-kyc-2-300x205.jpg 300w, https:\/\/payrule.in\/wp-content\/uploads\/2024\/03\/bank-kyc-2-768x526.jpg 768w, https:\/\/payrule.in\/wp-content\/uploads\/2024\/03\/bank-kyc-2-650x445.jpg 650w\" sizes=\"(max-width: 887px) 100vw, 887px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><br>As we approach the end of the Financial year, I would like to remind you of the following checkpoints to be observed vis a vis NAPS scheme in your establishment. These are quick points of internal audit which would be helpful to stay compliant &#8211;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1) <strong>Contract Termination \/ Onboarding :\u00a0<\/strong>A supporting document for premature closure of NAPS contract should be maintained which could be Termnation Letter, resignation letter, Appointment letter (in case onboarded as employee)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2) <strong>Accounting Treatment :\u00a0 <\/strong>Kindly book Stipend Expenses under a separate ledger named\u00a0 &#8220;Stipend for Interns&#8221; and not under Salaries and Wages Ledger which pertains to regular employees. The grouping can be done under Employee\u00a0 \/ Workforce expenses schedule, but under a separate ledger \/ line item. (not to be clubbed with Salaries and Wages) as there is no employer- employee relationship with Interns.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3) <strong>Headcount :<\/strong>\u00a0The total headcount should be maintained in the minimum and maximum range of 2.5% to\u00a0 15% (25% in Maharashtra and Karnataka) of Total Headcount(Refer &#8211; PF challan for the same)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">4) <strong>WC Policy for Accidental Coverage<\/strong>\u00a0&#8211; Kindly ensure WC Policy cover ( physical injury resulting in death or disablement) for all candidates and timely renewal of the same<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">5) <strong>Candidate Eligibility\u00a0&#8211;\u00a0<\/strong>If Candidates having previous UAN (Previously registered under PF records) are\u00a0enrolled, kindly keep a\u00a0<strong>signed UAN declaration form<\/strong>\u00a0for record<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>P.S. &#8211; The backlog DBT amount pending from Sept 2024 has been released by the NSDC<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Feel free to react Team Payrule at sumit@payrule.in or +91 9316633890 for more information<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sumit Jain<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">+91 9316633890<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAPS : Year End Reminder &#8211; Five Checkpoints to follow As we approach the end of the Financial year, I would like [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[22],"tags":[53,25,41],"class_list":["post-7186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apprenticeship","tag-apprenticeship-schemes","tag-naps","tag-statutory-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NAPS : Year End Reminder - Five Checkpoints to follow - Payrule<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/payrule.in\/index.php\/2025\/03\/24\/naps-year-end-reminder-five-checkpoints-to-follow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NAPS : Year End Reminder - Five Checkpoints to follow - Payrule\" \/>\n<meta property=\"og:description\" content=\"NAPS : Year End Reminder &#8211; 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