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EPF Contribution-Update May 27, 2014

May 29, 2014 Comments off

Reference : http://www.epfindia.com/Circulars/Y2014-15/LC_ReviewPet_MarathwaraGraminBank_203.pdf

 

In 2011, the Hon. Supreme Court of India in the case of ‘Marathwada Gramin Bank Karamchari Sanghatana vs. Management of Gramin Bank’ held that an employer cannot be compelled to contribute more than the statutory ceiling under the PFAct and that employers contributing in excess of the statutory ceiling may at any time discontinue the same.

on May 27, 2014, the EPFO has clarified that The Provident Fund office will not challenge the 2011 Supreme Court ruling. As per the wordings of the letter ( cited above),  Regional Provident Fund offices are directed not to force the employers to contribute towards Provident Fund over and above the statutory ceiling.

 

Check our earlier posts on Provident fund for FAQs & Updates in the provisions

https://implanthr.wordpress.com/2012/06/27/recent-amendments-in-pf-mp-act-1952/

https://implanthr.wordpress.com/2012/04/08/provident-fund-common-issues-faced-by-employees/

Categories: Labour Law Tags: ,
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