Penalty if Firms Don't Remit PF Share Online

Published: 26th January 2016 06:24 AM  |   Last Updated: 26th January 2016 06:24 AM   |  A+A-

CHENNAI: Employers who fail to pay provident fund contributions through Internet Banking could be penalised from next month, according to Regional Provident Fund Commissioner II, S Murugavel.

Addressing reporters here on Monday, Murugavel, entrusted with Tambaram, Puducherry and Vellore sub-regional office, said this comes after the Union government’s notification to make it mandatory for all employers to pay PF contributions only through Internet.

Meanwhile, EPFO has come out with a mobile application which will benefit pensioners.

The application can be downloaded either through Google Play store or through EPFO website (

The pensioners have to punch in their Universal Account Number to access their pension disbursement details.

The EPFO has abolished the five-day grace period for employers for remittance of contribution from February 2016.

Digital signatures have also been made mandatory and employers have to submit Forms digitally.

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