PF Deducted From Salary By Employer, Not Deposited To EPFO? Here's What To Do Next - News18
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The EPFO is a statutory body under the Ministry of Labour and Employment. (Representative image) It should be noted that employers defaulting on contributions are liable to pay damages and interest on the amount due, as per the rates fixed by EPFO. Provident Fund is a crucial part of the retirement savings. By defaulting on PF deposits, your employer may put your financial future at risk. The Employees’ Provident Fund Organisation keeps urging that employers should ensure timely payment of EPF dues to avoid damages and interest. Employees’ Provident Fund (EPF) Scheme is a mandatory contributory provident fund scheme for employees in certain industries and establishments. Under this scheme, both the employer and the employee contribute towards EPF. The accumulated amount in the EPF account is payable to the employee at the time of retirement or on withdrawal from service. PF Default By Employer It should be noted that employers defaulting on contributions are liable to pay d