What is the penalty for late payment of PF?

What is the penalty for late payment of PF?

Late Payment Penalty in EPF Interest for late payment: Under Section 7Q an interest of 12% per annum, is levied on the employer every day in case of failure to deposit the EPF contribution before the deadline.

How do I complain about my employer that doesn’t pay me?

A) Approach Labour Commissioner: If an employer doesn’t pay up your salary, you can approach the labour commissioner. They will help you to reconcile this matter and if no solution is reached labour commissioner will hand over this matter to the court whereby a case against your employer may be pursued.

Can any company hold PF amount?

According to labour laws and EPF rules, it is illegal to withhold the PF money. If any employer is doing the same, then he is working against the law. You can drag him in the court as well as complain to vigilance commissioner of EPF.

Can I withdraw PF after absconding?

You can withdraw 100% of the EPF corpus, the employer contribution and EPF interest upon it after 2 months of resignation. You can also partially withdraw some amount of PF in the certain situation. You can withdraw your PF amount online if Aadhaar is linked to UAN .

Can employer stop PF?

No matter what, the employer can never control that money in the EPF account. However, you must remember the fact that the signature of the employer is absolutely necessary on the withdrawal form of the EPF.

Do we need employer approval for PF withdrawal?

Now, employees can withdraw EPF without the employer signature. Important Notice-Now EPFO recently (February, 2017) launched a single form for EPF Withdrawal. Refer the post for the same at “EPF Composite Claim Form -Single form to withdraw EPF without employer“. A Single form is enough for EPF/EPS withdrawal.

Is employer approval required for PF withdrawal?

By submitting your Aadhaar number to the PF office, you will not need any sort of approval or authorisation from your employer to withdraw your PF. However, there are some conditions that need to be met before you can make your withdrawal: It is mandatory for you to have an UAN.

Is Aadhaar compulsory for PF?

Starting from June, it is mandatory to link Aadhaar card with the Provident Fund (PF) to get various benefits of retirement fund. If you have not linked your Aadhaar Card with PF UAN (universal account number) yet, you may not receive employer’s contribution in your PF account from this month.

Can we generate UAN without aadhar?

Employers may apply to the RPFC for generating UAN for such employees. RPFC will generate UAN based on the undertaking of such employees forwarded through the employer stating that he/she does not have Aadhar number for generation of UAN. RPFC will also verify identity of such employees.

What is ECR in PF?

ECR stands for Electronic Challan cum Return. The upload of ECRs that are backed with remitted Challan in the EPFO application will result in the updating of member balances on a monthly basis. This information will be shared with the members through the Know Your PF Balance link.

Is it mandatory to link Aadhaar with UAN?

Why do I need to link my Aadhaar to my EPF UAN? It is compulsory to do so under section 142 of the social security code. Your employer will not be able to deposit monthly PF contributions into your EPF account until your seed your Aadhaar into your UAN.

How do I know if my Aadhar is linked to UAN?

You can visit the unified portal of Employees’ Provident Fund Organisation, India i.e. https://unifiedportal-mem.epfindia.gov.in/memberinterface/ to verify if your Aadhaar Card is linked with EPF or not.

How can I link Aadhaar with UAN?

Visit the EPFO branch and fill in the ‘Aadhaar Seeding Application Form’ Carefully fill in the requested aadhaar card number and UAN details. Submit the application form with the self-attested copies of your PAN, UAN and Aadhaar card. Post verification, your aadhaar card will be linked to your EPF account.

How can I link Aadhaar with UAN no online?

How to link Aadhaar number with EPF account online?

  1. Login with your UAN number and password.
  2. Click on ‘KYC’ option under the ‘Manage’ tab.
  3. On the new page, enter your Aadhaar and PAN number on the ‘Add KYC’ tab and click on submit.
  4. The details will then appear under the ‘Pending KYC tab’.