The Central Provident Fund Commissioner has circulated Notification No. 7(1)2012/RCs Review Meeting/345 dated 30 November 2012 [read with No. 7(1)2012/RCs Review Meeting/ dated 5 December 2012] for streamlining and standardizing the assessment procedures under Section 7A of the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 (EPF Act), with a view to minimize the hardship on the employers. The notification mainly:
† Lays down the procedures to be followed for undertaking an assessment inquiry.
† Provides that an enquiry may be initiated only for a period of up to 7 preceding years.
† Intimates that the compliance history of the establishment shall be made available online.
Download the Notifications
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
As reported in newspapers on 14.12.2012, the Labour Minister has stated that there is confusion on inclusion of all allowances in ‘basic wages’ for deduction of PF and hence the circular has been kept in abeyance. Presently status quo is to be maintained and no action is required to be taken on the circular relating to inclusion of all allowances in basic wages.