Byju’s Courts Trouble With EPFO Over Delay in PF Payments
1 year, 5 months ago

Byju’s Courts Trouble With EPFO Over Delay in PF Payments

News 18  

Byju’s has delayed provident fund payments of employees for almost all months starting October last year, in what is a violation of the PF Act, opening itself up to action from the Employee Provident Fund Organisation. Byju’s, which is India’s most-valued startup, has been making PF contributions with a lag of almost three to four months, according to data sourced from EPFO by Moneycontrol. The company expedited PF payment contributions after Moneycontrol reported last week that employees’ PF passbooks were not showing contributions from November last year, even though employees’ salary slips showed PF contribution entries. The probable PF action could add to the long list of headaches for Byju’s and its founder Byju Raveendran, who are currently dealing with a number of issues, including auditor and board member resignations.

History of this topic

Byju’s delays March salaries, blames 'few misguided foreign investors'. Here's what the company told employees
8 months, 3 weeks ago
Cash-strapped Byju's distributes part of salaries to employees: Report
9 months, 1 week ago
Despite EPFO Nudge, Byju’s Delays PF Payments For Most Employees: Report
1 year, 4 months ago

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