Employer Deducted PF Amount But Not Deposited In The EPF Office - CiteHR
Madhu.T.K
Industrial Relations And Labour Laws
Loginmiracle
Consultant & G.m.
SENAPATI98
Admin. Officer At Gdcl
Aksni
Pvt. Job
+4 Others

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Hi,
I am a Software Engineer, My employer deducted PF every month from my salary (I have Payslips also for proof how much they deducted towards PF) but did not deposited at EPF office.
So, What to do ? whom to complaint?
How to get my PF amount from the Employer who deducted PF amount from my salary but NOT deposited in EPF office.
Somebody please Help me...
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How did you come to know that the PF deducted from your salary was not deposited? The authentic reply I expect is that you came to know about the default from the Provident Fund Office only. If so, you can meet the PF Enforcement Officer and seek his help. And if you have come to know about your employer's non compliance from other means, hear say, please do not take it as it is but should meet the concerned person in the Employees Provident Fund Organisation of the area and ask for an update of your account. They will help you.
Regards,
Madhu.T.K
Dear Raju,
Ascertain your Employer's Code and your PF A/c. No. and you can check your a/c details Online. Otherwise ask your PF i/c. for a statement of A/c. to know about your transactions in PF. If you find anything foul play straight approach your RPFC to check and can lodge a complaint if necessary.
kumar.s.
Dear Seniors, I came to know that some company have PF trust & they have deposited the PF contribution at their. Kindly give me the brief knowledge regarding the PF trust. Regards, SENAPATI
In case of exempted companies who hold their PF in Trust, the modus operandi is different and is as per trust regulations. The withdrawal cannot be made from the EPF Organisation and you have to verify the balance of your account from the Trust only.
Regards,
Madhu.T.K
Thank You Madhu for your valuable information.
Kindly tell me regarding exempted company & how they are operating their PF in trust.
Another thing i want to ask you that is there any rule & regulation applicable for that trust.
Regards,
SENAPATI
[QUOTE=SENAPATI98;2013505]Dear Seniors,

I came to know that some company have PF trust & they have deposited the PF contribution at their. Kindly give me the brief knowledge regarding the PF trust.

Regards,

----------------------------

Briefly as to how Employees' PF a/cs are maintained under these two different methods are -

1) All accounts are with O/o the RPFC: Every registered employer remits the EPF contribution by challans to the RPFC's Bank a/cs. which in turn gets accounted in the respective A/c No.of every such employee. And the employer submits monthly returns to the RPFC showing the details, employee wise of contribution thus remitted. Every such money is maintained by the RPFC who in turn disburses, thro' the employer towards refundable loans, F & F settlements together with accrued interest to the respective employees. Once in a year a ledger sheet showing the transactions of any employee for one full year is issued to the concerned. Similarly from the PF contribution pension contribution is divided and remitted to the Pension a/c. of the employees thro' a separate A/c. code. This method is the largest.

2) The other method is called "Exempted Establishments (PF Trust)": An employer/company who employs more 100 employees on roll is eligible to apply to the RPFC for "exemption" from maintaining the EPF under the above said (1) method. RPFC grants the "exemption orders" under certain conditions after examining various aspects. After which the Employer sets up a EPF Trust to be run by Employer (employer's nominees & Employees' representative (Union nominees) which manages all the contributions of employees & employer (excepting Pension Fund which is never maintained by the Trust). A set of Bye laws, in the lines of EPF Act & Rules is prepared & duly approved by the RPFC for running the Trust. This PF Trust money is invested in the Govt.approved securities for earning the assured interest from which accrued interest to the employees' PF a/cs is credited. The Trust once in a year prints the Employees' PF ledger a/cs and distribute to the concerned. The Trust accounts are audited by the CA and submitted to the RPFC. RPFC also periodically inspects the Trust a/cs and oversee. Monthly, annual returns in the Forms have to be submitted. The convenience under the Trust is quick disbursement of loans, withdrawals and F & F settlements to the employees. Surplus, if any never distributed but any shortfall is made good by the employer.

kumar.s.
Thanks to Mr Kumar S. You have briefly explained the provisions of rust getting an exemption from RPFC (Regional PF Commissioner) and maintain the subscribers account through a EPF Trust. I will add that EPF Trust has to follow the same set of rules for maintaining the accounts, audit, giving statment of subscriptions to subscribers, giving loan to subscribers and settlement of fnal accounts on retirement, death etc. The money of subscribers is invested as per investment pattern specified by the Ministry of Finance.

It is however added that The Govt. is now not encouraging giving exemption because of certain reasons one of which is Employees Pension Scheme. The Govt. intends to secure the payment of pension to the subscribers after their retirement or family pension in death cases. The Govt. has taken a big step towards transparency by putting the EPF information on the website. I would suggest that the Govt. may develop a loan module so that the subscribers can apply online and the loan amount may be directly credited to the subscribers bank account within a period of 30 days.

So subscribers please raise your voice for better EPF services.

With good wishes.

srivastavacmlalatgmaildotcom
QUOTE=srivastavacmlal;2013633]Thanks to Mr Kumar S. You have briefly explained the provisions of rust getting an exemption from RPFC (Regional PF Commissioner) and maintain the subscribers account through a EPF Trust. I will add that EPF Trust has to follow the same set of rules for maintaining the accounts, audit, giving statment of subscriptions to subscribers, giving loan to subscribers and settlement of fnal accounts on retirement, death etc. The money of subscribers is invested as per investment pattern specified by the Ministry of Finance.

It is however added that The Govt. is now not encouraging giving exemption because of certain reasons one of which is Employees Pension Scheme. The Govt. intends to secure the payment of pension to the subscribers after their retirement or family pension in death cases. The Govt. has taken a big step towards transparency by putting the EPF information on the website. I would suggest that the Govt. may develop a loan module so that the subscribers can apply online and the loan amount may be directly credited to the subscribers bank account within a period of 30 days.So subscribers please raise your voice for better EPF services.

With good wishes.

srivastavacmlalatgmaildotcom[/QUOTE]

-------

Dear Sri.Srivastava,

There have been lots of debate going on in the EPFO. In the Trust mode there have been both good and bad. I myself had been the Chairman of a PF Trusts of a big co. employed over 14000 employees for about 7 yrs. When I took over I had to face lots of challenges, clearing all the mug & legacy created by predecessors, face/pursue court cases in order to safe guard the interest of the poor fellow members. The Trust regime faces challenges mostly from the vested interests from the Union/official side, as it is the order of the day in Mera Bharat, corruption is rampant and poor, innocent employees were exploited and well deserved were fleeced. Money laundering, misuse of power the bane here as well. I'm not blaming the concept, but controls and self checks are wanting. Needless to say I got over all the challenges, fought the odds successfully, restored order & repaired the damages done and left with a satisfaction as a triumphant soldier. Just in any other case in India every good thing always fails but seldom succeed, for e.g. cooperative movement (Amul (Anand) is the best example).

Your suggestion of "Online" mode is good except when misused thro' impersonation. As I have faced such instances even in Trust Regime.

Thanks & regards,

kumar.s.
Dear Mr Kumar S.,

I am thankful to you for appreciating my suggestgion for online facilities for the subscribers. I also agree with you that corruption is all pervading and online facilities may be misused. However you would agree that all the banking transactions are online. The Trust regime is conceptually ideal but practically fraught with lots of problems as youe have yourself faced the challenges. My submission is that with the introduction of Employees Pension Scheme the Govt. needs surplus to discharge the liabilities under the EPS. It is one of the reasons why the Govt. is now not encouraging Trust but slowly and gradually withdrawing exemptions. Let us raise our voice with the Govt. to be transparent and provide secured online facilities to the members including grant of loan amount through online system so that loan and other claims are directly credited to the subscribers account.

I would suggest that people like you can unite and make a voluntary association to put our demand to the Government for betterment of the deserving common employees. I will support you for this good cause.

Regards.

srivastavacmlalatgmaildotcom

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