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PF DEFAULTERS
Higher EPS Pension: EPFO can’t use the excuse of employer’s deficient system of recordkeeping as a ground to deny higher pension to employees, rules Bombay HCBombay High Court ruled in favour of six employees seeking higher pensions. The court stated the Employee Provident Fund Organisation (EPFO...- Rs 15 lakh PF deducted but not deposited: HC allows criminal case to continue against director of company that turned insolventThe Orissa High Court ruled that a company director will face a criminal case for failing to deposit Rs 15 lakh deducted from employee sala...
- Late, missing PF contributions by employer today could prevent your PF withdrawal, transfer later: Here’s how to track your EPF properlyYour Employee Provident Fund withdrawals can face rejection due to discrepancies in contributions and employment records cause issues. Miss...
- Amnesty scheme in works for PF defaultersThe EPFO is preparing an amnesty scheme for companies evading or defaulting on employee contributions. The scheme, potentially launching al...
- EPFO lowers penal charges on employers defaulting on PF, pension and insurance depositsThe notification issued by the ministry of labour and employment said the penal charges across three schemes of EPFO will be uniform and at...
- Private sector’s default on PF dues has risen by almost 10% in last 5 yrs, says EPFO's draft reportThe private sector's default on provident fund dues with the Employees' Provident Fund Organisation (EPFO) has increased by almost 10% over...
- SpiceJet may be defaulting on EPF: How to check if your employer is depositing itIn Budget 2021, the government amended the income tax law to ensure that employers deposited employees' EPF dues on time.
- Air India defaults on TDS, EPF payments as Centre mulls on how to sell the carrierGovernment officials told ET otherwise. “Air India has not made payments against TDS and PF since January this year. TDS dues is in the ran...
- Owners of '1 Above' pub arrested for PF defaultThe three were already in custody in the Kamala Mills fire case and had now been arrested in the PF payment default matter, police said.
- EPFO cracks whip on 700 PF trusts for not filing returnsThe Central Provident Fund Commissioner after a review found that more than 700 exempted establishments (private PF trusts) did not file on...
- EPFO to launch system for discouraging premature withdrawalsEPFO plans to launch 'One Employee One EPF Account' system to dissuade premature PF withdrawals and encourage state govts to join its pensi...
- Tamil Nadu has maximum number of firms defaulting on provident fund duesTamil Nadu, including Puduchery, also has the maximum number of PF defaulter firms of 1,141 during this fiscal till June- Bandaru Dattatreya
- Educomp defaults on provident fund payments, says 'delay brought upon by stress'Educomp has defaulted on provident fund remittance relating to about 15,000 employees, for the first six months of current financial year.
- EPFO wants default on PF remittance under economic offencesRetirement fund body EPFO wants defaults on PF remittance by companies to come under economic offences, a top official said today.
- Labour ministry for clubbing allowances with basic pay to calculate PF duesExpats and domestic employees with basic monthly pay of up to Rs 6,500 may see a dip in take-home salaries if law ministry agrees to a plan...
- EPFO suspends previous chief R C Mishra's diktatIt had also set a 7-year limitation period for initiating inquiries against firms evading PF dues.
- Now, companies stinting on provident fund can go scot-freeUnder the new rule, unless the names of employees who have been denied benefits can be identifified PF department can’t begin proceedings.
- Over 1.20 lakh firms have defaulted in submission of PF returnsThe Government said that over 1.20 lakh firms have defaulted in submission of provident fund returns.
- 82 firms violated PF normEighty-two private firms in Gurgaon have not deposited the provident fund amount deducted from their employees salaries in time.
- PF dues not part of textile industry revival packageThe government may be chalking out a substantial Rs 2,000-odd crore revival package for the ailing textile sector, but none of that money i...
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