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Hi,

I am a Software Engineer. My employer deducted PF every month from my salary (I have Payslips as proof of how much they deducted towards PF) but did not deposit it at the EPF office.

So, what should I do? Whom should I complain to? How can I retrieve my PF amount from the employer who deducted the PF from my salary but did not deposit it in the EPF office?

Somebody, please help me...

From India, Hyderabad
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How did you come to know that the PF deducted from your salary was not deposited? The authentic reply I expect is that you came to know about the default from the Provident Fund Office only. If so, you can meet the PF Enforcement Officer and seek his help. And if you have come to know about your employer's non-compliance from other means, hearsay, please do not take it as it is but should meet the concerned person in the Employees' Provident Fund Organisation of the area and ask for an update of your account. They will help you.

Regards, Madhu.T.K

From India, Kannur
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Dear Raju,

Ascertain your Employer's Code and your PF A/c. No. You can check your account details online. Otherwise, ask your PF in-charge for a statement of account to understand your transactions in PF. If you notice any fraudulent activity, immediately approach your RPFC to investigate and lodge a complaint if necessary.

Kumar S.

From India, Bangalore
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Dear Seniors, I came to know that some company have PF trust & they have deposited the PF contribution at their. Kindly give me the brief knowledge regarding the PF trust. Regards, SENAPATI
From India, Bhubaneswar
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In the case of exempted companies that hold their PF in Trust, the modus operandi is different and is as per trust regulations. The withdrawal cannot be made from the EPF Organisation, and you have to verify the balance of your account from the Trust only.

Regards, Madhu.T.K

From India, Kannur
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Thank you, Madhu, for your valuable information. Kindly tell me about exempted companies and how they operate their PF in a trust.

I also want to ask if there are any rules and regulations applicable to that trust.

Regards,
SENAPATI

From India, Bhubaneswar
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[QUOTE=SENAPATI98;2013505]

Dear Seniors,

I came to know that some companies have PF trusts and they have deposited the PF contributions there. Kindly give me a brief knowledge regarding the PF trust.

Regards,

----------------------------

Briefly explain how Employees' PF accounts are maintained under these two different methods:

1) All accounts are with O/o the RPFC: Every registered employer remits the EPF contributions by challans to the RPFC's Bank accounts, which in turn are accounted for in the respective account numbers of every such employee. The employer submits monthly returns to the RPFC showing the details, employee-wise, of contributions thus remitted. The RPFC maintains this money and disburses it through the employer towards refundable loans, F & F settlements, together with accrued interest to the respective employees. Once a year, a ledger sheet showing the transactions of any employee for one full year is issued to the concerned. Similarly, from the PF contributions, the pension contributions are divided and remitted to the Pension account of the employees through a separate account code. This method is the largest.

2) The other method is called "Exempted Establishments (PF Trust)": An employer/company that employs more than 100 employees on the roll is eligible to apply to the RPFC for "exemption" from maintaining the EPF under the above said (1) method. The RPFC grants the "exemption orders" under certain conditions after examining various aspects. After which the employer sets up an EPF Trust to be run by the employer (employer's nominees & employees' representatives (Union nominees) which manages all the contributions of employees and employer (except for the Pension Fund which is never maintained by the Trust). A set of bylaws, in the lines of EPF Act and Rules, is prepared and duly approved by the RPFC for running the Trust. This PF Trust money is invested in the Government-approved securities for earning the assured interest from which accrued interest to the employees' PF accounts is credited. The Trust prints the Employees' PF ledger accounts once a year and distributes them to the concerned. The Trust accounts are audited by the CA and submitted to the RPFC. The RPFC also periodically inspects the Trust accounts and oversees. Monthly and annual returns in the Forms have to be submitted. The convenience under the Trust is quick disbursement of loans, withdrawals, and F & F settlements to the employees. Any surplus is never distributed, but any shortfall is made good by the employer.

Kumar S.

From India, Bangalore
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Thanks to Mr. Kumar S., you have briefly explained the provisions of rust getting an exemption from RPFC (Regional PF Commissioner) and maintaining the subscriber's account through an EPF Trust. I will add that the EPF Trust has to follow the same set of rules for maintaining the accounts, audit, giving a statement of subscriptions to subscribers, giving loans to subscribers, and settlement of final accounts on retirement, death, etc. The money of subscribers is invested as per the investment pattern specified by the Ministry of Finance.

It is, however, added that the government is now not encouraging giving exemptions because of certain reasons, one of which is the Employees' Pension Scheme. The government intends to secure the payment of a pension to the subscribers after their retirement or family pension in death cases. The government has taken a big step towards transparency by putting the EPF information on the website. I would suggest that the government may develop a loan module so that the subscribers can apply online, and the loan amount may be directly credited to the subscriber's bank account within a period of 30 days.

So, subscribers, please raise your voice for better EPF services.

With good wishes.

srivastavacmlalatgmaildotcom

From India, New Delhi
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Dear Sri. Srivastava,

There has been a lot of debate going on in the EPFO regarding the Trust mode, with both positive and negative aspects. I myself served as the Chairman of a PF Trust for a large company with over 14,000 employees for approximately 7 years. Upon assuming this role, I encountered numerous challenges, such as addressing the issues and legacy left by my predecessors, as well as dealing with legal battles to protect the interests of the members. The Trust system encounters obstacles primarily due to vested interests from the union and officials, reflecting the prevalent corruption and exploitation of innocent employees in our country. Money laundering and abuse of power are significant issues. I am not criticizing the concept itself, but rather highlighting the need for better controls and self-regulation. I successfully overcame these challenges, fought against the odds, restored order, rectified past damages, and departed with a sense of accomplishment, akin to a triumphant soldier. In India, unfortunately, many commendable initiatives fail to succeed, though some, like the cooperative movement exemplified by Amul in Anand, do flourish.

Your proposal for an "Online" platform is commendable, barring the risk of misuse through impersonation, which I have encountered even within the Trust system.

Thank you and best regards,

Kumar S.

From India, Bangalore
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Dear Mr. Kumar S.,

I am thankful to you for appreciating my suggestion for online facilities for the subscribers. I also agree with you that corruption is all-pervading and online facilities may be misused. However, you would agree that all banking transactions are online. The Trust regime is conceptually ideal but practically fraught with lots of problems, as you have yourself faced the challenges. My submission is that with the introduction of the Employees' Pension Scheme, the Government needs a surplus to discharge the liabilities under the EPS. It is one of the reasons why the Government is now not encouraging Trust but slowly and gradually withdrawing exemptions. Let us raise our voice with the Government to be transparent and provide secure online facilities to the members, including granting loan amounts through an online system so that loans and other claims are directly credited to the subscribers' accounts.

I would suggest that people like you can unite and form a voluntary association to present our demands to the Government for the betterment of deserving common employees. I will support you for this good cause.

Regards,

srivastavacmlalatgmaildotcom

From India, New Delhi
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