The EPFO is a statutory physique underneath the Ministry of Labour and Employment. (Representative picture)
It ought to be famous that employers defaulting on contributions are liable to pay damages and curiosity on the quantity due, as per the charges mounted by EPFO.
Provident Fund is a vital a part of the retirement financial savings. By defaulting on PF deposits, your employer could put your monetary future in danger. The Employees’ Provident Fund Organisation retains urging that employers ought to guarantee well timed cost of EPF dues to keep away from damages and curiosity.
Employees’ Provident Fund (EPF) Scheme is a compulsory contributory provident fund scheme for workers in sure industries and institutions. Under this scheme, each the employer and the worker contribute in the direction of EPF. The accrued quantity within the EPF account is payable to the worker on the time of retirement or on withdrawal from service.
PF Default By Employer
It ought to be famous that employers defaulting on contributions are liable to pay damages and curiosity on the quantity due, as per the charges mounted by EPFO. An worker can increase a criticism with EPFO, if their PF quantity is deducted from the wage however not credited of their EPF account.
The first step is to confirm that your employer has not deposited your PF contributions. You can examine your PF account assertion on-line by the EPFO Member Portal or by contacting your PF workplace.
Damages & Interest Payable To EPFO By Employer
Employers defaulting on contributions are liable to pay damages underneath part 14B and curiosity underneath part 7Q on the quantity due.
Damages are levied on the following charges;
| Period of default | Rate of damages |
| Less than 2 months | 5%/annum |
| 2-4 months | 10%/annum |
| 4-6 months | 15%/annum |
| More than 6 months | 25%/annum |
Damages are restricted upto 100% of the quantity in arrear. Simple curiosity @12%/annum is payable on quantity due for the whole interval delay.
How To File Complaint If Employer Defaulted Your PF Deposit Into Your EPF Account?
File a criticism on-line: The most handy method to file a criticism is thru the EPFiGMS (EPF i Grievance Management System) portal. You can register a criticism by offering your particulars, together with your UAN (Universal Account Number), employer’s institution code, and the character of your grievance.
File a written criticism: If you might be unable to file a criticism on-line, you possibly can submit a written criticism to your PF regional workplace. The criticism ought to be addressed to the Regional Provident Fund Commissioner and will embrace your particulars, employer’s particulars, the character of the grievance, and supporting proof.
EPFiGMS
EPFiGMS is a customized portal of EPFO with an goal to redress grievances for the companies offered by EPFO. Grievances are directed in the direction of the involved workplace to which the grievances pertain.
EPFiGMS Features;
- Grievance may be lodged by PF member, EPS Pensioner, Employer and Others
- OTP verification
- Online lodging of grievance/criticism based mostly on UAN
- UAN built-in with grasp database of EPFO leading to identification of EPF workplace for redress of grievance
- Grievance may be lodged for a number of PF numbers obtainable in UAN
- PPO quantity validation/integration (for EPS pensioners) with centralised database of EPFO
- Facility to ship reminder for pending grievance
- View present standing of grievance
- Facility to offer suggestions on redress of grievance
- Comprehensive categorisation for figuring out the grievance inclined areas
- Facility to add a couple of grievance doc
EPFiGMS can be obtainable in UMANG. You can lodge grievances utilizing UMANG cellular utility and choose EPFO Services.
Further, as soon as a grievance is registered, the system generates a novel registration quantity and auto generates acknowledgement by SMS & e mail.
If you’re not glad with the decision offered by EPFO, you might write to the Ministry of Labour & Employment and file a criticism.
The EPFO is a statutory physique underneath the Ministry of Labour and Employment, Government of India that administers numerous social safety schemes for employees. These schemes present for provident fund, pension, insurance coverage protection, and different advantages to the staff in case of their retirement, dying, or incapacity.
