Provident fund paid after due date
This query is : Resolved
Chandra Kala
(Querist)
05 December 2024
Cooperative society paid provident fund after due date. The employee constribution allowed or disallowed under which section. Tax treatment as per Income Tax Act
05 December 2024
Under the Income Tax Act, 1961, the tax treatment for employee contribution to provident fund when paid by a cooperative society after the due date is governed by Section 36(1)(va).
As per this section, the employee contribution to provident fund is allowed as a deduction in the hands of the employer if it is paid before the due date specified under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.
As per this section, the employee contribution to provident fund is allowed as a deduction in the hands of the employer if it is paid before the due date specified under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.
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