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ritesh.shriwas
1

Hi, Please help me for recover amount from employee.
Our company has working is service industry and our client has debited large amount due to mistake of our employee. We have deducted evry month some small amount from employee monthly salary, accordingly monthly deduction will take upto 5 years for recover full debit amount. If employees has abscond from duty, company will face financial loss. Company can hold or stop PF withdrawal process till recovery amount received or any other idea for recover it.

From India, Pune
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Vmlakshminarayanan
Agm - Hr&admin
+1 Other

anil.rao
1

Hi Ritesh, You have not hold the employee Pf amount as per PF act.
From India, Gurgaon
vmlakshminarayanan
919

Hi,
PF is statutory employer cannot hold it.
As an alternative, collect post dated cheques from the employee with a self declaration in stamp paper about the purpose. Employee has to honour the cheques and in case of bounce of cheques criminal case can be filed against him.

From India, Madras
bvsrdy
1

Employer cannot hold the PF of employee and if he does so by not Authorizing employer will be liable for prosecuting if employee file a case with labour commissioner
From India, Hyderabad
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