Navigating New PF Compliance: How to Transfer Employee Savings to the PF Commissioner?

Hi,

I am working in a private limited company. We have a PF Trust, and every month PF is deducted and kept as a bank deposit (FD) in the name of the trust. I have come across information in the media that a new bill is to be passed in parliament, stating that a company with more than 10 employees must compulsorily remit to the PF Commissioner's office.

In that scenario, I would like to understand how to remit the accumulated savings of each employee to the PF Commissioner. Could anyone who has experience with a PF Trust provide me with information regarding the above?

Regards,
Anandkumar K

Hi,

Is anyone working in a company that has a PF trust? Could you please brief me about the government's proposal to introduce a new bill in parliament regarding the remittance of PF accumulations if the company has more than 10 employees?

Regards,
Anandkumar K
Chennai