epf disallowed

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sachin saxena (Querist)
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23 July 2008 plz tell me epf due date is it 20 or 15th of folowing month . it is same all over india .?

month epf paid
june 15000 on 22.07.2007
july 22000 on 08.10.2007

is it disallowed as per incme tax u/s 36 or 43B ? if us then both employees and employer contribution?

sachin saxena

sachin saxena (Querist)
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23 July 2008 i am thinking that it should be paid before the return filling ?
am i right?

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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23 July 2008 Sec 36:
Employees contribution to PF would not be allowed if payment made after due date.

Sec 43(B):
Employers contribution to PF would be allowed as deduction if paid before due date of filing of IT Return and if it is paid subsequentely then it would be allowed in the year in which payment is made.

CA Abhishek Tyagi

CA Abhishek Tyagi (Expert)
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23 July 2008 Yes Prakash is absolutely right. The employer contribution can be paid before the due date of filing the return to avoid disallowance or can be allowed in the year in which it will be paid. But the Employee contribution must have to be deposited with the department on or before due date otherwise the same will be disallowed

sachin saxena

sachin saxena (Querist)
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24 July 2008 query not solve full plz read my question claear and then tell me by giving a exanple or calculation?

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