one of our freind is working in government corporation he has received arrears of Rs.20000/- per month for april18 may18 and june 18 totally Rs.60,000/- should he pay the provident fund on the arrears and when he has to pay. please inform me so that i can convey it to him more
Yes , you have to pay on arrears also received provided the amount is basic pay and not any allowances. Generally, as u said it is govt dept., they compulsory deduct on arrears of pf. Let him check that. If not deducted u can ask employer to deduct on this so that u will get equal contribution from employer also. more
calculating the arrears of any period of service all the deductions already deducted from the arrears part by the employer then arrears amount given to employees more
If contribution for those months upto maximum threshold limit of salary had already been deducted / deposited with employer's contribution, it may not be required; more
PF is to be deducted by employer while disbursing amount as arrears. However, it is to be seen what is the nomenclature being used for such payment. If it is delayed increment, PF will become applicable as per provisions and employer is responsible for deduction. more
Being government corporation most likely employers contribution shall be limited to 8.33% or any higher limit as applicable and that too may be limited to Rs.6500 or any other maximum fixed amount. VPF may be exercised to minimise tax liability provided tax exemption is applicable and acceptable to employer. more
Isn't this large scale cheating? Interest on EPF is actually credited almost a year after its due. EPFO maintains a corpus of Rs. 21.3 trillion (2022-23 data). If it delays cre...
Employee Provident Fund (EPF) was started in 1952. It was a provision in lieu of the government's inability to provide social security to the working class on retirement, and was thus kept tax...
More than 10 years in Govt, these guys are not able to solve issues related to EPFO websites and late interest payment 1. Interest for year 23-24 which should have been credited by 31st ...
I suggest @LocalCircles admin run a survey to gauge the sentiment of public w.r.t EPFO in terms of trust/integrity, efficiency, transparency and ease of use.
A well placed family member wrote this yesterday Had always opted out of EPF all my life, till my current employer didn't budge on that request. Thank fully probably will los...
A person with stage IV cancer has 19 lakh stuck with EPF. What a pathetic and heartless system have we created? EPF is nothing but a tyranny inflicted on salaried people by babus and politicians. I...
EPFO should consider shutting down and allowing us to transfer our accumulated EPF corpus to NPS. It's taken 6 months to merge my brother’s old EPF because a DA clerk was transferred, and the...
I have withdrawn my eps from previos employer.After that I served with new employer for about 9 years and my eps contribution was deposited.After retirement I want to withdraw this additinal 9years...
EPFO Takes 15-20 Days for PF Withdrawal Shouldn’t Take More Than 2-3 Days in 2024 Pay Compensation of ₹5000 Per Day if Withdrawals Delayed by Lazy Sarkari Babus
By Naina Mittal
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