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News Pension/Provident Fund

  • Aug 08, 2014
  • EPFO to inspect firms deducting PF on less than 50% of wage

    The Employees’ Provident Fund Organisation will start inspecting companies which have split wages and are deducting provident fund contributions on 50% or less of total wages.
    EPFO’s additional central provident commissioner in charge of compliance PK Udgata said in an internal circular that “all officers in-charge of field offices are directed to get such establishments inspected where PF contributions has been deducted on 50% or less of total wages. “The inspection has to be completed by field officials by August 31 and the report to be submitted to the EPFO head office by September 7,” the EPFO circular said.

    Source - http://www.financialexpress.com