I would like to pay PF damages and interest for the period from 12/2008 to 04/2010. I have partly generated the online miscellaneous challan for the same but got stuck with the due wage month. Could you kindly assist me at the earliest?
Thank you.
Regards
From India, Pune
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1Thank you.
Regards
From India, Pune
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No need to worry. Create a challan mentioning the damages and interest year-wise.
Question on Damages and Interest Amount
How did you come to know the damages and interest amount? Is it an outcome of a proceeding under section 7A of the PF Act? If that is the case, the PFO would have issued you a statement specifying the monthly details (shortfall, dues, damages & interest). You just need to sum up only the damages for all the months for the period (1) Mar-08 to Feb-09, (2) Mar-09 to Feb-10, & (3) Mar-10 to Feb-11 and fill up the same online in 3 different challans under the head: section 14B. In the same way, total up the interest for all the months for these 3 periods and fill up the amount in the same challans under the head: section 7Q.
(So, for the challan for Mar-08 to Feb-09, you will have every section empty except SL. 5 Penal Damages, where you need to put the damages under A/C. 01, A/C.02, A/C.10, A/C. 21, A/C.22, and the total and SL. 6 MISC PAYMENTS (INTEREST U/S 7Q), where you need to put the interest amount applicable under each of these accounts and the total. And you will find each of these exact amounts in the statement/notice issued to you by the PF Office. You can fill up these details manually in the challan or generate it online.
Just take a print-out of the challan and pay it through the SBI. Once done, collect the acknowledged challan (and the remittance slip from the website). Take the bank statement that shows the date of the remittance. Submit it to the respective PFO with an application stating that the dues have been paid off & request them to issue you an "order" specifying that your establishment has paid the dues.
Hope this sorts out your confusion.
Regards,
Abhijit
From India, Mumbai
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Question on Damages and Interest Amount
How did you come to know the damages and interest amount? Is it an outcome of a proceeding under section 7A of the PF Act? If that is the case, the PFO would have issued you a statement specifying the monthly details (shortfall, dues, damages & interest). You just need to sum up only the damages for all the months for the period (1) Mar-08 to Feb-09, (2) Mar-09 to Feb-10, & (3) Mar-10 to Feb-11 and fill up the same online in 3 different challans under the head: section 14B. In the same way, total up the interest for all the months for these 3 periods and fill up the amount in the same challans under the head: section 7Q.
(So, for the challan for Mar-08 to Feb-09, you will have every section empty except SL. 5 Penal Damages, where you need to put the damages under A/C. 01, A/C.02, A/C.10, A/C. 21, A/C.22, and the total and SL. 6 MISC PAYMENTS (INTEREST U/S 7Q), where you need to put the interest amount applicable under each of these accounts and the total. And you will find each of these exact amounts in the statement/notice issued to you by the PF Office. You can fill up these details manually in the challan or generate it online.
Just take a print-out of the challan and pay it through the SBI. Once done, collect the acknowledged challan (and the remittance slip from the website). Take the bank statement that shows the date of the remittance. Submit it to the respective PFO with an application stating that the dues have been paid off & request them to issue you an "order" specifying that your establishment has paid the dues.
Hope this sorts out your confusion.
Regards,
Abhijit
From India, Mumbai
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PF CHALLAN & CALCULATION SHEET.xls