Thread Started by #prasadponnala

Ours is new company with one employee, as per management decision we have taken voluntary PF registration. We have created the provision and deducted from Dec'17 to May'18. We applied in Jan'18 but we have got PF code in the month of May'18 due to delay from portal issue and other reasons. Our consultant also mentioned effective date as 1st May 2018 while applying. Kindly help me how can we pay Dec'17 to App r'18 arrear PF which we deducted from employee and company contribution. We have already created provision in books of accounts.
14th June 2018 From India, Hyderabad
Dear Prasadponnala,
PF code number is allotted to you from 01.05.2018.
You need to make compliance of PF law from this date onwards and not from retrospective date.
You have to refund the amount deducted from employee immediately for past. It is consider as unauthorized deduction from salary which is a serious offence.
17th June 2018 From India, Mumbai
Reply (Add What You Know) Start New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™