Aadhaar linking and interoperability of GPF, PPF and EPF Employees’ Provident Fund Organisation (Ministry of Labour, Govt. Of India) Bhavishya Nidhi Bhawan,14- Bhikaiji Cama Place,New Delhi - 110066 (Central Analysis & Intelligence Unit) No.CAIU/011(44)2016/Aadhar/10273 Date: 22.09.2017 To All ACCs (Zones) including ACC (ASD), All RPFC-I/ RPFC 11 (Regional … [Read more...] about Aadhaar linking and interoperability of GPF, PPF and EPF
Public Provident Fund
Nagpur-So far, employers faced penal action if they collected provident fund money from workers and did not deposit it in workers' accounts. In coming days, Employees Provident Fund Organisation (EPFO) will launch penal action if the employers failed to deposit their own contribution as well. EPFO, which covers almost 4 crore employees in private sector and some PSUs, … [Read more...] about FIRs for all PF defaults
Delay in deposit of P.F. dues attracts penal damages. Damages are levied at the following FLAT RATES: For 0 — 2 months delay - @ 5 % p.a. For 2 — 4 months delay - @10 % p.a. For 4 — 6 months delay - @ 15 % p.a. For delay above 6 months - @ 25 % p.a. (subject to a maximum of 100%) Levy of damages at lesser … [Read more...] about Delay in deposit of P.F. dues attracts penal damages.
MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 7th December, 2010 G.S.R.956(E).-In exercise of the powers conferred by sub-section (4) of Section 3 of the Public Provident Fund Act, 1968 (23 of 1968), the Central Government hereby makes the foliowing Scheme further to amend the Public Provident Fund Scheme, 1968, namely :- 1. … [Read more...] about Public Provident Fund (Amendment) Scheme, 2010