1 year, 4 months ago
Despite EPFO Nudge, Byju’s Delays PF Payments For Most Employees: Report
ABP NewsDespite a nudge from the Employee Provident Fund Organisation last month over irregularity in PF contributions, Indian edtech start-up Byju’s has not paid provident fund to a majority of its employees for June, according to a report by Moneycontrol. The report said that Byju’s has made PF contributions towards 738 employees for June so far, compared to 25,000 employees in the previous month, according to the data sourced by Moneycontrol. Last month, after reports coming out regarding a delay in PF payments, Byju’s released PF payments for 24,818 employees on June 26. As per the report, Byju’s delays in PF payments could be a sign of cash flow pressure at the firm, according to multiple industry consultants.
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History of this topic
8 months, 3 weeks ago
Byju’s delays March salaries, blames 'few misguided foreign investors'. Here's what the company told employees
Hindustan Times
9 months, 1 week ago
Cash-strapped Byju's distributes part of salaries to employees: Report
Hindustan Times
1 year, 5 months ago
From layoffs to legal hurdles: What's going on at Byju's?
India Today
1 year, 5 months ago
Byju’s Courts Trouble With EPFO Over Delay in PF Payments
News 18
2 years, 5 months ago
Why is Byju’s laying off employees and delaying payments?
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