Penalty on default in contribution to EPFO, EPS and EDLI reduced
The Employees’ Provident Fund Organisation has cut the penal charges on defaults by employers who delay or fail to deposit contributions in the Employees’ Provident Fund, Employees’ Pension Fund and Employees’ Deposit Linked Insurance Scheme. According to notifications by the ministry of labour, defaulters will be liable to pay 1% of the contributing amount per … Read more