PF/ESI contribution

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 July 2010 dear Sirs,

While auditing, what are the matters to be looked in If there is PF/ESI appears on the P/& Ls a/c of a firm/co?

What is the due date for PF remittence ?
What % of PF should be deducted?
When is PF to be deducted?

Kindly Help

18 July 2010 PF payment due date is 15th of the following month

PF deduction is 12 % on basic

PF need to deduct all the employeed having basic pay less than Rs.6500

18 July 2010 agreed with ramesh but if u are doing tax audit then it will be allowed as an exp if paid before due date irrespective of PF act dates


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