Many times such cases are also seen and heard when money is not deposited in your PF account by the employer. According to a recent media report, SpiceJet pilots had told that PF money was not deposited in their account even after it was deducted from their salary.
This was not the first case of its kind. Even before this, there have been reports of non-deposit of PF money in the account of the employees. To deal with this problem, the government had also amended the income tax laws in Budget 2021.
A part of the salary of salaried employees is deducted every month as PF. As much money is deducted from your salary as PF, the employer also deposits the same amount in your account. It is mandatory for the employer to do so. However, many times such cases are also seen and heard when money is not deposited in your PF account by the employer. According to a recent media report, SpiceJet pilots had told that PF money was not deposited in their account even after it was deducted from their salary.
The government has amended the law
However, this was not the first case of its kind. Even before this, there have been reports of non-deposit of PF money in the account of the employees. To deal with this problem, the government had also amended the income tax laws in Budget 2021. As per the changed rule employers will not be able to claim deduction if they do not deposit EPF dues on time as EPF contribution is deposited as expenditure.
When should the employer deposit money in the EPF account of the employees?
According to experts, it is necessary for an employer to make EPF contribution within 15 days of the month. For example, the EPF contribution for August 2023 should be done by August 15. In such a situation, now let us also know that how you can check the contribution of your PF account.
This is how you can check your pf account balance
EPF members can check and download their EPF passbook through EPFO portal or UMANG app. However, for this you need to register. To register on the portal, you must have information like Universal Account Number (UAN), PAN number and Aadhaar number. Apart from this, you can also check the balance of your PF account through Umang app, missed call and SMS.
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