Pf esi ptax calculation process
This query is : Resolved
17 September 2013
Dear Sir,
I have interacted a problem that my organisation says that if salary of any month is held and released after three months then PF will calculated at the time of payment but i have seen that the return FORM-3A shows every month PF deduction.
so will it be on Accrual basis or payment basis? because EPS calculation is dependent on it.
is it same for the ESI and P.TAX ?
I have interacted a problem that my organisation says that if salary of any month is held and released after three months then PF will calculated at the time of payment but i have seen that the return FORM-3A shows every month PF deduction.
so will it be on Accrual basis or payment basis? because EPS calculation is dependent on it.
is it same for the ESI and P.TAX ?
17 September 2013
Hi,
PF to be contributed month on month basis. Since salary was on hold & same was accrued to employee then PF liability arises on accrual basis & not on payment basis.
Thanks!!
PF to be contributed month on month basis. Since salary was on hold & same was accrued to employee then PF liability arises on accrual basis & not on payment basis.
Thanks!!
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