Employer Not Depositing EPF Contributions? Here’s What You Can Do

Every month, the employer must transfer the funds withheld for the employee’s provident fund into their PF account.

The employer and employee each contribute 12% of the basic income plus dearness allowance (base salary plus DA) to the PF account each month in accordance with the existing EPFO regulations.

8.33 percent of the employer’s contribution remains to be contributed to the Employees Pension Scheme after the final 3.67 percent is sent to the PF account (EPS).

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The EPFO regularly notifies its subscribers via SMS alerts of the monthly deposits made into their PF accounts. Employees can examine the monthly contributions made to the PF account by visiting the EPFO portal.

The employer must deposit the monthly EPF deductions into the employee’s PF account.
Within 15 days of paying the last month’s wage, the employer must deposit the EPF contribution.

However, a lot of employers occasionally forget to deposit the PF payment. Employees can take a number of actions in these situations to deduct money from their pay for PF contributions.

Employees can file a complaint with the EPFO if they believe their employer has not deposited their PF contributions. After learning of a complaint, the organisation in charge of overseeing retirement funds looks into the employer. Legal action would be taken if it turned out during the investigation that the EPF money was taken withdrawn but not deposited.

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According to the present tax legislation, employers cannot claim tax reductions for EPF payments if they don’t make timely installments into the PF account.

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