Dear Sir / Madam
I want to pay PF damages and interest for the period from 12/2008 to 04/2010 , i have partly generated the online misc challan for the same but got stuck with the due wage month ............so kindly help me at the earliest...
From India, Pune
1I want to pay PF damages and interest for the period from 12/2008 to 04/2010 , i have partly generated the online misc challan for the same but got stuck with the due wage month ............so kindly help me at the earliest...
From India, Pune
Agnelo,
No need to worry.
Create challan mentioning the damages and interest year-wise.
I have a question, how did you come to know the damages and interest amount ? Is it an outcome of a proceeding under section 7A of the PF Act ? If that is the case, the PFO would have issued you a statement specifying the monthly details (shortfall, dues, damages & interest). You just need to sum up only the damages for all the months for the period (1) Mar-08 to Feb-09, (2) Mar-09 to Feb-10 & (3) Mar-10 to Feb-11 and fill up the same online in 3 different challans under head : section 14B. In the same way, total up the interest for all the months for these 3 periods and fill up the amount in the same challans under head : section 7Q
(So, for challan for Mar-08 to Feb-09, you will have every section empty except SL.. 5 Penal Damages, where you need to put the damages under A/C. 01, A/C.02, A/c.10, A/C. 21. A/C.22 and the total and SL.. 6 MISC PAYMENTS (INTEREST U/S 7Q), where you need to put the interest amount applicable under each of these accounts and the total. And you will find each of these exact amounts in the statement / notice issued to you by the PF Office. You can fill up these details manually in the challan or generate it online.
Just take a print-out of the challan and pay it through the SBI. Once done, collect the acknowledged challan (and the remittance slip from the website). Take the bank statement that shows the date of the remittance. Submit it to the respective PFO with an applications stating that the dues have been paid off & request them to issue you an "order" specifying that your establishment has paid the dues.
Hope this sorts out your confusion.
Regards,
Abhijit
From India, Mumbai
No need to worry.
Create challan mentioning the damages and interest year-wise.
I have a question, how did you come to know the damages and interest amount ? Is it an outcome of a proceeding under section 7A of the PF Act ? If that is the case, the PFO would have issued you a statement specifying the monthly details (shortfall, dues, damages & interest). You just need to sum up only the damages for all the months for the period (1) Mar-08 to Feb-09, (2) Mar-09 to Feb-10 & (3) Mar-10 to Feb-11 and fill up the same online in 3 different challans under head : section 14B. In the same way, total up the interest for all the months for these 3 periods and fill up the amount in the same challans under head : section 7Q
(So, for challan for Mar-08 to Feb-09, you will have every section empty except SL.. 5 Penal Damages, where you need to put the damages under A/C. 01, A/C.02, A/c.10, A/C. 21. A/C.22 and the total and SL.. 6 MISC PAYMENTS (INTEREST U/S 7Q), where you need to put the interest amount applicable under each of these accounts and the total. And you will find each of these exact amounts in the statement / notice issued to you by the PF Office. You can fill up these details manually in the challan or generate it online.
Just take a print-out of the challan and pay it through the SBI. Once done, collect the acknowledged challan (and the remittance slip from the website). Take the bank statement that shows the date of the remittance. Submit it to the respective PFO with an applications stating that the dues have been paid off & request them to issue you an "order" specifying that your establishment has paid the dues.
Hope this sorts out your confusion.
Regards,
Abhijit
From India, Mumbai
Respected Sir/Ma’am, I am Saneesh Kumar working in PVT LTD in Noida (Utter Prdesh) and I want to know all about compliances management, need your help in this regards, Please. Regards, Saneesh Kumar.
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.
Circular on PF Damage & Interest Calculations.pd f
Copy of PF Interest calculator.xls