PF/ESI contribution
This query is : Resolved
Querist : Anonymous
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
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
PF deduction is 12 % on basic
PF need to deduct all the employeed having basic pay less than Rs.6500
Message likes :
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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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