anil.raoHi Ritesh, You have not hold the employee Pf amount as per PF act.
From India, Gurgaon
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
bvsrdyEmployer 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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