Korgaonkar K A
Ba,llb,mpm,dir&pm,dll&lw,d.cyber

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
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.
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.

From India, Mumbai
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™