Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Delay in PF Returns

profile picture mita basak Online    Posted on 29 August 2011,  
  Share  Bookmark



 As per the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952, it is mandatory for the establishments covered under the Act to submit the Provident Fund returns as per the time stipulated in this respect. However, there are cases where the management of various companies do not submit returns or submit the returns after due dates. As a result, the workers become victims as they do not get up-to-date statement of their Provident Fund accounts in the form of account slips in time.

 

LIST OF COMPANIES (STATE-WISE) WHERE PF RETURNS ARE PENDING

 

S. No.

Name of the State

No. of establishments defaulted in submission of PF returns

1.

Andhra Pradesh

20213

2.

Bihar

927

3.

Chhattisgarh

570

4.

Delhi

11842

5.

Goa

500

6.

Gujarat

6165

7.

Haryana

4508

8.

Himachal Pradesh

1230

9.

Jharkhand

1573

10.

Karnataka

8068

11.

Kerala

3696

12.

Madhya Pradesh

3489

13.

Maharashtra

18666

14.

North East Regions

78

15.

Orissa

1780

16.

Punjab

7285

17.

Rajasthan

2237

18.

Tamil Nadu

13734

19.

Uttar Pradesh

8757

20.

Uttaranchal

638

21.

West Bengal

4209

TOTAL

120165

 

As per section 14(2) of the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 read with para 76 of the Employees’ Provident Fund Scheme, 1952 default in submission of return is a punishable offence and liable for prosecution.

 

The number of prosecution cases filed against chronic defaulting establishments including non-submission of returns are mentioned is given below:-

          

PROSECUTION CASES – AS ON 31.03.2010

 

Region

Employees’ Provident Fund Scheme, 1952

Employees’ Pension Scheme, 1995

Employees’ Deposit Linked Insurance Scheme, 1976

Dehradun

4

4

4

Delhi – North

382

264

210

Delhi – South

300

130

181

Chandigarh

424

251

452

Ludhiana

498

306

319

Shimla

75

0

0

Kanpur

152

45

40

Meerut

55

55

55

Patna

1546

1336

1336

Faridabad

334

302

296

Gurgaon

187

177

186

Jaipur

334

80

85

Ahmedabad

1419

216

203

Baroda

489

346

442

Indore

1378

1013

1412

Surat

369

161

167

Kandivali

517

77

76

Mumbai- I Bandra

657

327

344

Mumbai– II Thane

70

70

70

Nagpur

202

172

77

Pune

1270

1252

1272

Raipur

516

283

356

Bangalore

491

436

400

Gulbarga

549

370

353

Mangalore

561

243

248

Panaji

168

178

153

Peenya

178

178

175

Bhubaneshwar

906

477

617

Guntur

344

326

317

Hyderabad

2219

1780

1343

Nizamabad

178

149

139

Chennai

270

233

250

Coimbatore

640

303

306

Madurai

467

321

237

Tambaram

223

227

226

Thiruvananthapuram

1318

954

759

Guwahati

647

470

589

Jalpaiguri

838

838

838

Kolkata

1746

431

417

Ranchi

856

854

726

TOTAL

     

 

During the year 2010-11, 1,56,578 complaints were received of which 1,38,745 complaints were disposed off.

          

The Employees’ Provident Fund Organisation deals with the Employees Provident Fund (EPF) and not PPF. Rate of interest is declared on the basis of earnings and balance available in the Interest Suspense Account. Since balance in the Interest Suspense Account was sufficient to allow 9.5 percent rate of interest, hence 9.5 percent rate of interest was declared for the year 2010-11.

 

As per the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952, it is mandatory for the establishments covered under the Act to submit the Provident Fund returns as per the time stipulated in this respect. However, there are cases where the management of various companies do not submit returns or submit the returns after due dates. As a result, the workers become victims as they do not get up-to-date statement of their Provident Fund accounts in the form of account slips in time.

 

The Minister of State for Labour and Employment Shri Mallikarjun Kharge  gave this information in reply to a question in the Lok Sabha today.

 

"Loved reading this piece by mita basak?
Join LAWyersClubIndia's network for daily News Updates, Judgment Summaries, Articles, Forum Threads, Online Law Courses, and MUCH MORE!!"




  Views  2915  Report



Comments
img