EPF Filling

Save Share

This query is : Resolved

Quick Summary

This discussion addresses how to manage Employees' Provident Fund (EPF) contributions when a company pays employee salaries in instalments rather than a lump sum, often due to financial difficulties. The guidance provided is to create monthly accruals for the EPF/ESIC liability, which must be paid by the 15th of the following month, irrespective of when individual employees receive their salary payments.

Mahboob Alam

Mahboob Alam (Querist)
Follow

06 September 2023 Hi,
Kindly light on following given case study...
If all employee's salary not paid by company in one shot, for particular month some employees (it paid in phases ) or salary paid on amount wise i.e in 1st week of month salary paid 20 employee's and next week paid 15 employee's etc.
How can be EFP filled in these situation kindly guide please.

RAJA P M

RAJA P M (Expert)
Follow

06 September 2023 Why company paid in this way...???

Mahboob Alam

Mahboob Alam (Querist)
Follow

06 September 2023 due to financial condition and this is first time

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
Follow

20 January 2024 You have to create monthly accruals for the EPF/ESIC liability and these needs to be paid by 15th of the next month even salary payments can be made in a phased manner as per situations.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now