pf-late payment

This query is : Resolved 

06 October 2007

in our company PF late paid 4 days in the month of aug'07
actual due date 15-08-07, but paid 22-08-07 in this regard, how much % of amount disallowed in income tax
PF total amount paid in the month of Aug'07 was Rs.597658/-

please send me procedure for calculation of disallwance in IT and how much amount disallowd with interest?

please sir urgent

Anand (Expert)
06 October 2007

5 Grace days should be added to the actual date and then only the delay is to be reckoned.

harshit (Querist)
06 October 2007

if delay was 7 days? how much amount disallowd

Ravikumar.G (Expert)
10 October 2007

Only your employees contribution, not employer's contribution. Because employer's contribution which can be paid untill due date of filing returns.

KAAPIL (Expert)
13 November 2007

Very useful.

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