In case of employees on notice period (say of 3 months), when does the liability to deposit PF arises - (a) on full & final settlement or (b) end of every month?
From India, Kolkata
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1From India, Kolkata
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PF Liability During Notice Period
PF liability exists at the end of every month when the salary is paid. However, many organizations have the practice or policy of deferring payment of salary during the notice period, and all matters are cleared in the Full and Final (F&F) Settlement. In that case, the PF liability will arise when it is paid.
From India, Mumbai
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PF liability exists at the end of every month when the salary is paid. However, many organizations have the practice or policy of deferring payment of salary during the notice period, and all matters are cleared in the Full and Final (F&F) Settlement. In that case, the PF liability will arise when it is paid.
From India, Mumbai
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Full n final settlement.doc