Paying Extra to EPF: How Can I Get That Money Back?

Hi,

We pay some extra amount to EPF. What can I do to get back that amount?

Thank you,
Vishnu

Vissumba.

We deposit the amount in Govt Treasury {SBI} and connect that with Form 12A, the Monthly Statement of Contribution. Send the revised Form 12A. In your connecting challan, you would have paid an additional amount. This additional amount can be adjusted in the next month's Form 12A. In the next month's challan, you could deposit that much less. For clarity's sake, you can be sent a covering letter explaining the difference. All that is tallied at the end of the year when you send the annual return [Form 6A].

Pradeep Bajaj

Hi,

We can recover the extra amount in the next month PF challan. However, we already paid the amount, including all admin charges. How can I claim that? Can I divide the total amount (extra amount paid) into PF Contribution (A/c-1), admin charges (A/c-2), pension scheme (A/c-10), employee deposit link (A/c-21), and EDL admin charges (A/c-22)? Otherwise, in which A/c should I keep the total amount?

Please help me. 🤔

Vissumba,

Parawise reply is as under: -

You need not have to recover. Next month, you pay that much less. In a covering letter, you explain that for the next month, you are required to pay B amount, since last month you paid A, which was x more than due. In the next month, you are paying B-x. This is tallied with Form 12A.

As such, you need not claim the amount, as the same has been adjusted within the Financial Year (in this case next month).

So far as the extra amount is concerned, after all, it must be a division into various heads. Please do not mix up the issue by dividing the sum paid extra into various heads.

Calculation of dues into various heads shall always end up in a total. Just deduct the extra amount paid from the total of next month's PF dues.

Calculation of the dues shall be clear when you fill up the Form 12A, and challan as per its columns.

Of course, if you want to solve a certain mathematical problem, you have to be specific.

Assuming that you have deducted that extra amount from a particular employee. Next month you should have deducted that much less from his salary. It is only then the account shall tally.

Hope this is better understood.

Regards,

Pradeep Bajaj :roll:

Subject: Follow-Up on Previous Matter

Vissumba,

There has been no response. I understand that the matter has been resolved; hence the silence.

Regards,
Pradeep Bajaj

Hi Vishnu,

No problem, you can deposit the lesser amount next month. Please keep the summary with you until the inspection and for the return period. Additionally, you can make any necessary changes at the time of return. It's not a big issue at all.

Regards,
Vikas Kumar