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Byju’s again delays PF contribution for most employees, ETHRWorld


hr.economictimes.indiatimes.com | www.ETHRWorld.com

<p>At least three employees ET spoke to confirmed that their EPF accounts showed PF payments had been made only till March, this year. These employees confirmed this by viewing their PF statements on the EPFO site.</p>
At least three employees ET spoke to confirmed that their EPF accounts showed PF payments had been made only till March, this year. These employees confirmed this by viewing their PF statements on the EPFO site.

Beleaguered edtech Byju’s, which has come in for much criticism for not contributing its (employer’s) share to employees’ provident fund corpus, has delayed that contribution for June as well for most employees, official data sourced by ET reveal.

Employees’ Provident Fund Organisation (EPFO) data, accessed by ET, show that Byju’s made payments worth Rs 14.6 lakh, in the names of 738 employees, for June, as against 24,818 employees for the month of May.

At least three employees ET spoke to confirmed that their EPF accounts showed PF payments had been made only till March, this year. These employees confirmed this by viewing their PF statements on the EPFO site.

“We (employees) thought that they had made all PF payouts till June when the news reports came out saying that Byju’s will clear all the payments. But now I see that only payments till March are logged on my PF passbook. Some colleagues have payment till June,” one of the employees told ET, requesting anonymity.

Also read |Byju’s shareholder Prosus cites poor corporate governance for board exit

Last month, a Byju’s spokesperson told the media that the company has made full payouts to employees and that no PF dues were pending.

However, as per…


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