Excess payment of epf
This query is : Resolved
26 June 2012
Dear Experts,
We are Pvt Ltd Co.
When we reconciled the EPF for last FY, it has been noted that the company has paid in excess for the month of nov 11.
Kindly advice me as to can we adjust the excess payment in the current month payment to PF department.
Kindly let me know how to rectify this.
We are Pvt Ltd Co.
When we reconciled the EPF for last FY, it has been noted that the company has paid in excess for the month of nov 11.
Kindly advice me as to can we adjust the excess payment in the current month payment to PF department.
Kindly let me know how to rectify this.
26 June 2012
Claim a refund rather than adjusting against the current payments.
Should you adjust from the June/July's payments and suppose your refund claim is not honoured by the officer then you'll be liable to pay interest on the shortfall paid for the current month(s).
Should you adjust from the June/July's payments and suppose your refund claim is not honoured by the officer then you'll be liable to pay interest on the shortfall paid for the current month(s).
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