I have a query to ask that our employer has a practice of not to depositing provident fund contributions on time, the same practice is going on for last 3-4 years.for example our march contribution deposited in July .
I just wanted to know that we are not aware in that case whether we employees are getting the interest from the provident fund on our lately deposited contribution or not?
21st July 2018 From India, Delhi
Hi Savita,
Now a days online enquiry of PF balance is shown when you log in into EPFO of employee account.Please check.
If employer is depositing so late, he would be penalized by the EPFO for delay.
21st July 2018 From India, Hyderabad
Employees contributions if paid late by employers there is provision for penalty towards late payments imposed on to employer.Interest is accrued annually. And every employer has the Obligation to clear all contribution dues by the end of each Finacial year. In case of Failures from employer end there are provision to initiate actions against defaulting employers.
22nd July 2018 From India, Vadodara
The authorities not doing any thing. Simpy they are giving letters/ Thats all.
22nd July 2018 From India, Kovvur
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™