The number of establishments that had defaulted in paying their share of provident fund (PF) contributions to the Employees’ Provident Fund Organisation rose from 12,496 in 2012-13 to 15,046 in 2013-14, Labour Minister Bandaru Dattatreya informed the Lok Sabha on Monday. Up to June 2014, 3,725 establishments defaulted on PF contributions, of which the highest number (1,141) are from Tamil Nadu and Puducherry. “Wherever it was found that provident fund contribution has been deducted from salary of employees but not deposited in the fund, action under Section 406/409 of IPC has been taken,” the Minister informed the House.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.