EPFO Contribution status: Here is how to check if your employer is paying your EPF contribution forward
Employees Provident Fund Organisation (EPFO) provides all its account holders, online facility to check their contributions towards their Provident Funds and pension through annual Provident Fund statement of account/member passbook. You can check it on a month-on-month basis also through the e-passbook facility available on the EPFO portal
EPFO Contribution status: While it is expected from your company to honestly deposit amount deducted from your salary to the EPFO every month, it is still advisable to all account holders to continuously check their accounts to know what is happening in it. Are you wondering if there is a way to find that out without going to the EPFO accounts office? Yes, you can find that out easily without bothering to go to the accounts office. All you need is a Universal Account Number (UAN).
The Employees' Provident Fund Organisation (EPFO) provides all its account holders, online facility to check their contributions towards their Provident Funds and pension through annual Provident Fund statement of account/member passbook. You can check it on a month-on-month basis also through the e-passbook facility available on the EPFO portal.
The PF statement of the account holder will be indicated in the member e-passbook which you can view online by logging into your account. The default period in the year will be reflected in your account. The account holder can see what part of the monthly deductions by your employer is going towards the PF component and pension component. Currently, the members also get an SMS on their registered mobile phones on credit for monthly contributions to their PF accounts.
To make it even more easier for the account holders, the EPFO is now sending SMS messages on the registered mobile numbers of the account holders, once the employer deposits the deductions from your salary.
The PF amount due to the member will be paid only to the extent of the amount that is realised by the employer.
In case, the employer fails to carry out his obligations, the account holder has a remedy that he can avail. The EPFO can invoke penal provisions of the Act to recover the dues from the employer. Complain can also be lodged with the police under section 406/409 of IPC by the EPFO for action against such employers.
See Zee Business Live TV Streaming Below:
EPFO is one of the World's largest Social Security Organisations in terms of clientele and the volume of financial transactions undertaken. At present, it maintains 19.34 crore accounts (Annual Report 2016-17) pertaining to its members," as per the EPFO website.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.