Employers to lose deduction for employee’s contribution to EPF if they don’t deposit on time

To the extent that this ensures employers do not misuse or divert money meant for Employees’ Provident Fund (EPF), it will help increase surety of getting their PF money from the employers. Further, this will also ensure that there is no loss of interest for the employees on such contributions.

from Personal Finance News-Wealth-Economic Times https://ift.tt/39BlTRq