EPF deposit by organisation
There are few organisations who do not deposit Employee Provident Fund in the PF account. Total amount goes in crore. When one of the employee visited PF office, they advised him to leave the company as company is not intentionally depositing PF money in employees account. I have here few questions:
1) Government does not have control on such kind of companies?
2) In Form 16, it is mandatory to provide TDS certificate. Similarly, can Government force employers to provide PF deposit proof along with Form 16?
3) Can Government force organisation to provide flexibility to employees to choose EPF or NPS account for greater visibility. If employees have NPS option then they can also opt to invest their own money whereas this option is not available in EPF. more
1) Government does not have control on such kind of companies?
2) In Form 16, it is mandatory to provide TDS certificate. Similarly, can Government force employers to provide PF deposit proof along with Form 16?
3) Can Government force organisation to provide flexibility to employees to choose EPF or NPS account for greater visibility. If employees have NPS option then they can also opt to invest their own money whereas this option is not available in EPF. more
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This is very pity and highly noticeable that the primary purpose of the EPF is to collect and monitor the EPF subscription amount from the establishments. if the very purpose is not done, they why the EPF ? more
Nov 12
YesI agree without payment with in an stipulated period of time the expense should not be allowable,From: "Shailendrakumar Ughadmathe" Sent: Fri, 02 Nov 2018 17:06:27To: pravinkumarsanjay@rediffmail.comSubject: "EPF deposit by organisati..." more
Nov 10
Without EPFO being hand in glove, it is absolutely impossible for such evasion of depositing the PF contribution. Govt has all the powers including its audit and prosecute the offenders. The Employer are required to issue annual PF statements to each employee giving break up of employees and employers contribution, interest earned and closing balance on 31st March 2018. more
Nov 05
Controlling employers with exiting inefficient administrative systems(EPF/EPS) is highly impossible. It is high time to get rid off this system and make alternate system e.g. Compulsory NPS contribution by employee.Compulsory long govt bonds investment by employee for retirement security. Prosecution of employer with weak judicial system is also impractical. more
Nov 03
Govt. is confused between the employee and the employer....can't disturb either....socialist after all....Regards On Fri, 02 Nov 2018 16:23:32 +0530 "Shailendrakumar Ughadmathe" wrote > more
Nov 02
