Twitter

Facebook

Youtube

Pintrest

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
Inquiry into lapses in PF accountscases to 7 yrs
Last Updated : 07 Dec 2012 05:05:03 PM IST
EPFO
File Photo:EPFO

 

Initiating an inquiry against employers for lapses in maintaining EPFO accounts would become difficult, with the retirement fund organisation imposing a time bar of seven years for such probes.

The norms, which were issued by Central Provident Fund Commissioner (CPFC) R C Mishra on his last day in office (November 30), seek to modify the provisions that often result in harassment of employers and establishments.
     
However, unhappy over the circular, the Trade Unions have decided to to press the government for its withdrawal.
     
But, in a worker friendly move, the circular also sought to redefine the meaning of "basic wages" for the purpose of provident fund deductions.
     
It said: "All such allowances which are ordinarily, necessarily and uniformly paid to the employees are to be treated as the basic wages".
     
It did not, however, specify the allowances which should be included in 'basic wages'.
     
According to the circular, the inquiry against employers can only be initiated after, "actionable and verifiable information," is placed for consideration before the compliance officers.
     
The EPFO would also not take action against employers who fail to deposit dues of unidentified workers into the PF
accounts.
   
"There shall be no assessment without identifying individual members in whose account the fund is to be credited," the circular said.
 
The employer, it said, would be required to make available online the complete history of the establishment for the benefit of compliance officers.
 
The information to be provided should include the amount remitted and the number of employees engaged by the establishment. 

Post Your Comment (0 posted):
Post your comment Post Your Comments
Your name :
Your e-mail address :
Your website :
Add your comments :
Please enter the code you see in the image:
Security Code :

Unexplained phenomena such as animals giving birth to creatures slightly resembling humans

What a couple gives as a gift to each other. What you guess is a rose, a diamond ring, a b

Always being under the gaze of the camera makes celeb mishaps all the more visible. Here i

Murder during sex-- its just unbelievable. But this is what happened in America when a tee

The world’s first bra which can only be unhooked with true love. Yes, you read it right.

This teenaged girl can't have sex or babies due to rare condition that left her without re

Arvind Kejriwal is the one politician who has the ability to take a joke. Kejriwal jokes i

Here is what to expect from the boldest ever episode of Koffee with Karan featuring Bollyw

There has been speculation in the past over a cold war between Shahrukh and Amitabh but th

We bring you some rare pix of Bollywood which, for sure, you must not have seen. Click and

Find out what our favorite Bollywood celebrity kids are up to ...

The new craze sweeping around the globe is naked yoga in the latest of fitness trends this

Taiwanese technology firm Asus has launched dual SIM tablet Fonepad 7 in India.


Samay Live

Samay Live

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

10.10.70.21