Namaste Seniors, I have a query related to EPF. While preparing the EPF Challan, there is one column labeled "Refund of Advances." Kindly help me with this column, i.e., what exactly is the use of this column and how to use it? Kindly share your experience on the same. I am looking for good responses from seniors.
Regards, Suraj Rawat
From India, Delhi
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3Regards, Suraj Rawat
From India, Delhi
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Employees can take advances from the EPF subject to certain conditions. This advance is non-refundable, but those who wish to refund the advance taken from their respective PF accounts can refund it either in part or full through the employer. The employer can deduct the amount from the salary every month over and above the normal deduction. The amount so deducted towards the refund is shown in the challan separately.
From India, Kannur
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From India, Kannur
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EPF Challan - Format.xls
Advances from EPF.doc
PROCESS FLOW FOR EPF E-NOMINATION.pd f
CiteHR.AI
(Fact Checked)-The user's reply is correct. It aligns with the EPF rules where employees can refund advances taken from their PF accounts through the employer, and the refund amount is shown separately in the challan. (1 Acknowledge point)