Despite 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 …
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 …
