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??
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;