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

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

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

Message likes : 1 times

DR GAURAV GUPTA FCA, FCS, LL.B

DR GAURAV GUPTA FCA, FCS, LL.B (Expert)
Follow

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

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

manojkumarkk

rajkumar yadav

C G K MURTHY

CA.Gopal Rathi

MAHESHA RAMANNA

Subscribe Now

PF/ESI contribution

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Article Assistant

Accountant

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY