As the Govt is in the process of making the Provident fund optional which is one of the saving instrument for an employee with equal contribution from the employer and pension has been withdrawn effective from 2005 the employee has depend on other financial products for saving his earnings. Investment in PF was giving a fixed return as declared by the Govt of India. Further PF is contributed by the employer on the basic salary. Many of the employers has split the salary into many components to avoid paying PF on it. Govt should clearly spell out on what PF is payable by the employer so that it should be uniform for all employees in India.

As the Govt is in the process of making the Provident fund optional which is one of the saving instrument for an employee with equal contribution from the employer and pension has been withdrawn effective from 2005 the employee has depend on other financial products for saving his earnings. Investment in PF was giving a fixed return as declared by the Govt of India. Further PF is contributed by the employer on the basic salary. Many of the employers has split the salary into many components to avoid paying PF on it. Govt should clearly spell out on what PF is payable by the employer so that it should be uniform for all employees in India. more

Helpful myEPF Jul 10

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Saurabh Gupta

Yes many big corporate keep Basic purposely very low some even less than 1/3 of your Gross there should be rule to avoid such discrepancy in Basic more

Jul 12

Ashok Dubey

The govt. should make a rule that PF contribution will not be below to the minimum wages. more

Jul 11

C As B Balchandhar Chandhar

Yes lot of irregular assesment by the employer as well as PF authorities. I wish to take all these after the govt. stand and action in a few days i.e., after Parl. opening Let us wait more

Jul 10

Pappu Kumar (Employee)

Wrong details has been uploaded through ECR and 2 month's contribution has been deposited, But when I saw my details the I said to Employer to stop depositing my contribution in PF account with wrong details, Please generate new one account with new joining date, When new account has been generated the I have requested to generate UAN No. My contribution is deposition in new account but UAN generated in both PF account under same company. Then I have transferred online old pf account to new account. But both UAN no is still active. more

Jul 10

Sasikumar Manjanath

1. All the payment should be made online. 2. There should be clarity who are eligible. 3. There are practical difficulties for employers with reference to casual workers, part time workers, technicians i.e. freelance electricians, plumbers, taxi drivers, etc. hired for a days work - whether employer is liable to pay PF for these type of worker - lack of clarity give room for corruption. 4. Merge PF dept with some other department in order to reduce the number of visitors (babus) to a business vis a vis no. of payment points for the business houses. more

Jul 10

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