Sir,
I have a query to ask. Our employer has a practice of not depositing provident fund contributions on time. This practice has been ongoing for the last 3-4 years. For example, our March contribution was deposited in July.
I just wanted to know if we are not aware, in that case, whether we employees are getting interest from the provident fund on our lately deposited contribution or not?
From India, Delhi
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3I have a query to ask. Our employer has a practice of not depositing provident fund contributions on time. This practice has been ongoing for the last 3-4 years. For example, our March contribution was deposited in July.
I just wanted to know if we are not aware, in that case, whether we employees are getting interest from the provident fund on our lately deposited contribution or not?
From India, Delhi
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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.
From India, Hyderabad
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From India, Hyderabad
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Employees' contributions, if paid late by employers, are subject to a penalty imposed on the employer. Interest accrues annually, and every employer has the obligation to clear all contribution dues by the end of each financial year. In case of failures on the employer's part, there are provisions to initiate actions against defaulting employers.
From India, Vadodara
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From India, Vadodara
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
EPFO Circular PF - Correction in Name.pdf