PF Related query

Save Share

This query is : Resolved

Vishesh Gupta (Querist)
Follow

11 December 2009 If im deducting PF from the salary of my employee every month and im not submitting such PF in time but im saying that i will deposit at 4th quarter in lumpsum, then is there any penalty for this??

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

11 December 2009 PF Amount should deposit with in 15th of the follwoing month

Penality will be
which shall not be less than one year imprisonment and a fine of ten thousand rupees in case of default in payment of the employees contribution which has been deducted by the employer from the employees wages;

Message likes : 2 times

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