Byju’s defaulted in depositing PF contributions for months

Byju’s defaulted in depositing PF contributions for months

Byju’s, the ed-tech firm has been accused by a number of former employees of not depositing the provident fund (PF) portion of their pay into the Employees Provident Fund (EPF) account, according to media reports.

The EPFO portal data also shows that the firm hasn’t been in compliance with the monthly deposits, despite the fact that four former employees have uploaded images of their EPF account passbooks and salary stubs.

Also read: TCS Appoints S Viswanathan as Head of Hiring amid bribe-for jobs scam

The parent firm of Byju’s, Think and Learn Pvt Ltd, has not paid the PF money for the majority of its employees in FY24, according to EPFO data. Only 31 employees’ accounts received the payment for May’s PF contribution, compared to 3,164 employees who received it for April after a 36-day wait, according to several reports.

On June 19, the business made the PF contributions for the months of December 2022, January 2023, February, and March. The records demonstrate that not all employee accounts received this money, nevertheless.

The data also indicate that Byju’s has not been consistent in making PF payments for some time. There are instances where employees were only paid the PF money owed for 2020 in June 2023.

Stay connected with us on social media platform for instant update click here to join our LinkedInTwitter & Facebook

Business Manager

View all posts

June 2024

Work Culture: Decode & Drive - June 2024

Submit Your Article

Would you like to share your views? submit your Aricle by clicking on the button below. Submit your Article

June 2024

Work Culture: Decode & Drive - June 2024
error: Content is protected !!