FICO writes to Prime Minister over poor functioning of EPFO portal

Ludhiana, July 21

The Federation of Industries and Commercial Organisation (FICO) has sent a memorandum to Prime Minister Narendra Modi over poor functioning of the Employees' Provident Fund Organisation (EPFO). Gurmeet Singh Kular, president, FICO, along with Vipan Mittal, vice-chairman, FICO, in the memorandum have demanded from the Central Government to resolve the issue.

They said a major technical issue on the website was being faced in the last days of the month. It appears when traffic was high during the last dates, automatically the website gets slow and starts troubling users.

“The EPFO is not a small organisation, we don’t expect such issues on its website. It hampers the MSME sector the most. MSMEs are the most vulnerable, they had already been hit badly by Covid-19-induced lockdown across the country. The Income Tax Act has been amended, effective from April 1, 2021, which states that if the employee’s share has not been deposited within the said period, the deducted amount will be counted as the income of the company. Hence, this problem needs to be addressed soon,” Kular said.—TNS