All we aware that EPF limit is enhanced from 6500/- to 15000/- now is observed that many employers are paying their contribution as per old ratio diff is they are recovering from employees salary for i.e. if Basic salary is Rs. 15000/- then previous Employer PF contribution is Rs. 780/- on Rs. 6500/- now revised contribution is Rs. 1800/- but co. only contributing Rs. 780/- from their own pocket & diff. of Rs. 1020/- (1800-780) is recovering from Employees salary...
Please let me know if any provision in law can prevent employer to do the same.
07 October 2014
As per provisions of EPF Act they can not do so. Take it up PF commissioner of your region the issue will be solved in favor of employees.
07 October 2014
Thanks Mr. Seetharaman & Mr. Rupesh Jain for your reply , please provide me said provision which is showing this is punishable offence at least victim can show this to HR team, so able to check their stand before taking any extreme step against the company...
08 October 2014
As per EPF Act section 14 (1) Whoever Avoiding any payment to be made by himself under this Act, the Scheme, the Pension Scheme or the Insurance Scheme or of enabling any other person to avoid such payment, knowingly makes or causes to be made any false statement or false representation. punishable with imprisonment for a term which may extend to one year, or with fine of five thousand rupees, or with both.
CAclubindia
