Pf & Esi On Arrears Amount - Pdf Download

nani2705
Dear all please any body clarify my doubt. our company has gave the increment to employees in the month of April-2015. but the increment given in the month of June-2015 onwards. for the previous two Months arrears will be paid in june month. Does the PF & ESI deducted from the arrears also. and we and we are already paid the PF & ESI contributions for the previous months.
Please Help Me in this context.
With Regards, Narasimha Rao .M.
abbasiti
Dear Mr.Narasimha Rao .M,
To EPF, contribution on arrears for the full period has to be remitted. Regarding ESI, I shall quote ESI Coimbatore as, "As and when any increase in the wages/ remuneration is declared with retrospective effect, the liability towards payment of contribution accrues only in the month in which the decision is announced and no contribution is payable on the arrears pertaining to the period prior to the month of declaration/ announcement."
Abbas.P.S
Harsh Kumar Mehta
Sir, if the company has declared in the month of April, 2015 about award of increments , then contribution under ESI Act, 1948 is payable on arrears of such increments for the months of April & May, 2015.
natraj@sakthimanagement.com
Dear Mr Narasimha Rao
PFA copy of Circular from EPFO and extract from ESI employer's guide regarding contribution on arrears on PF and ESI.
Regards
N Nataraajhan, Sakthi Management Services (HP : + 91 94835 17402 ; e-mail : [Login to view])
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varghesemathew
For ESI,. contribution on arrears need not be paid.But for EPF contribution on arrears should be paid if the wages is below Rs 15000/-pm
abbasiti
Even though wages is above Rs. 15000, it is statutory to contribute for Rs. 15000 for an existing member.
Abbas.P.S
mail8013
Hello Narasimha,
Please note that you'll begin to get the interest on PF from the 2nd month from when you remit the dues in the PF account. When you pay arrears, there is increase in Basic Salary too. Accordingly the PF contribution also increases and accordingly the dues going into acct. 1, 2 & 21 increases. So, the member's contribution does not suffer here. However, the issue is with the interest paid out. All these members lose out the interest for those month for which the increment payout is delayed. Let me give you an example to explain. Presume that the normal increment is from 1st Apr'15 and the arrears are paid out from Jun'15 onwards (means 2 month's delay). So, the members will lose out interest for 2 months, but only on the arrear amount (the difference amount being remitted into your PF account - Account 1).
Cheers, A.B.
pulipaka_ramarao
Dear Mr.Narasimha Rao - Good Afternoon,
Pl note that the employer has need not to pay contributions of PF & ESI on Arrears Amount which does not comes under the part of wages under the provisions of PF & ESI Acts.
Thanks & Regards,
V R Rao pulipaka
be-mine
Can ayone clear me about PF arrear types .

And,

If pf amount contributed for 26 days instead of 27 days, what is the remedy ?
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