Hi Marufa!
I am working with an IT company, and I got into payroll from May 2007. In December 2007, I received a PF annual statement for 2006-2007 stating only one month of employer/employee's contribution in a year instead of eight months, i.e., from May to December. What about the other deductions happening since May? Can anyone tell me whether it is correct and why?
Thanks,
Marufa
Hi Marufa!
Accounting for PF is done on a March to February basis, so it is a little different from the regular April to March financial year. This difference can sometimes create confusion in understanding.
However, in your case, this March to February cycle does not seem to be the issue. If you provide details about your employment term and relevant dates, perhaps someone from our team can clarify it.
- Hiten