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Notices issued to TSRTC in-charge MD over non-payment of EPFO funds
Highlights
After the Telangana Transport Authority (TTA) slapped Rs 452 crore tax on financially ailing TSRTC
After the Telangana Transport Authority (TTA) slapped Rs 452 crore tax on financially ailing TSRTC, the Telangana State Road Transport Corporation (TSRTC) in-charge managing director Sunil Sharma has been served notices by the EPFO regional commissioner.
The notices pertaining to the RTC workers' provident funds were sent to the MD. The commissioner said that they have got notice of non-payment of around Rs 760 crores of provident funds to the RTC workers. He further asked the managing director to appear before him with a detailed report on November 15.
The EPFO regional commissioner also clarified that huge penalties will be imposed in case of the delay in paying provident fund.
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