Hi
just wanted to conform from seniors that due to some mistake i have deducted pf from employee and same has been deposited in the bank. Can we manage this amount for other employee in next month and pay deducted amount to respective employee. What may be the procedure to do so. Please revert your reply is awaited.
Regards
rajendra jha

From India, Delhi
Your question is not clear. If you have deducted PF from an employee and deposited the same then what is wrong in it? You are suppose to contribute the same amount along with admin.charges. Only thing is that your contribution should be bifurcated into two as Pension Fund and Provident Fund. If you mean to say that the entire 12% was deposited in PF account No 1 then you can adjust the same in your next return of contribution. Please make it clear.
Regards,
Madhu.T.K

From India, Kannur
thanks a lot for reply. I am trying to clear my question little more. I have deducted amount and same has been deposited as normal. From next month that employee is not covered in epf can we adjust that amount in other employee. If u got my point pls advice.
From India, Delhi
An employee once covered under the EPF will continue to be covered irrespective of any increase in his salary. Yes, you can restrict the contributions to 12% of Rs 6500. Therefore, no question of adjusting the amount paid against another employee.
Regards,
Madhu.T.K

From India, Kannur
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.