Sir, An employee left the job on 19.11.2019 without giving one month's notice. He/She deposited his/her one month salary amounting to Rs. 13610 on 25.2.2021 after the gap of more than 15 months. Now, Rs. 8620.00 is due to pay to her for 19 days salary after deduction of EPF Damages/Interest /penalty as per rules. PL guide me about how to calculate the net amount after deducting the liability of EPF Damages/Interest/penalty. PL shows me the calculations also.
Thanks and regards

From India, Chandigarh
KK!HR
1153

Since the F&F settlement is done after more than 15 months, it is most likely that the PF account is closed but even if is active, since the PF is being deducted immediately following the payment, then there is no need to pay interest or penalty. If the PF account is closed you may pay the amount in full to the ex-employee otherwise you may try as above.
From India, Mumbai

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply →






About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 CiteHRô

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server