PF Account For An Exemployee

y2ksenthil
Hi,
Wondering is there a way company an create a PF account for an employee who left the company for his/her settlement?
in a nutshell, a company operates(startup) without PF account details and they were working parallel to get an account the employee left the company now the company says will create an account and settle the amount in the PF account....I am not sure this is can be done, or is there way to settle this?
Appreciate your help in advance.
Thanks,
Kumar
boss2966
Dear Senthil Kumar
If a person worked for only one day also to be deducted with PF. If you deduct the PF, then obviously you have to remit the same to EPFO. Here as per your view, the employee has left the organisation. But the PF is deducted, hence it must be remitted. In the Latest ECR Format you will mention in the same month about the joining date as well as leaving date.
y2ksenthil
Thanks Bhaskar for the reply....The company don't have any formalities of PF deduction or in the Pay slips it shows the amount deducted but there is no details of PF account for at least 6 months and now the employee left the company and the company still says will create an account and settle the amount through PF...my question is there way if the employee left the company and the company can still create an account and settle the amount through PF.
Thanks,
Kumar
koti81
Hi
In yester years companies used to send the PF returns only once, ie only after March. Monthly remittances are made on an adhoc basis and they will reconcile the remittances with their pay roll only at the end of every year and submitted their returns. But the same thing cannot be practiced now. You have to send the returns on monthly basis.
s.koteeswaran
Siddz28
Mr. Senthil,
You can settle the remaining amount in part "D" of the ECR file, provided you have all the necessary pf(like the pf no.) details of the employee. But, as you have mentioned that there are no available pf details of that employee; it shows that you are not maintaining compliance with the statutory laws.
Siddhesh Lakhan,
CEO & Founder at Personal Thoughts
bijay_majumdar
Hi,
Once the PF was not deducted by the employer in previous months,it means he was not allotted PF no.Obiviusly if now the remitencesare required to be made for the privious months while the company is yet to get registered,this is not possible unless authorised from PF authorities as this whole thing will be accounted with penalties.
Thanks.
Bijay.
ashokonlinenet
Hi,
Myself too agree with Bijay quote's. Cause now all the things entered on monthly basis. So there is no more possibilities for work as rewind basis. So you can proceed the updates from the current month and make sure to pay penalties along with your remittance.
Rgds
Ashok
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