Provident fund queries- urgent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2012 In case of Provident Fund :

1. What are the due dates for payment of Employers and Employees PF ?

2.What is procedure to determine the period of returns- monthly / annually.

3. What are DUE DATES and forms for Returns - both monthly and annually?

Further is Provident Fund deductible from the remuneration of directors???

Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2012 What are the consequences for delay in payment of PF??

What happend caclub members .... isnt there anyone to help ?

Preety Chawda

Preety Chawda (Expert)
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20 December 2012 Dear friend I've enlisted the details which I hope will suffice your query,

Applicability
All the establishments employing 20 or more persons (5 or more incase of Cinema Theatres) are brought under the purview of the Act
Deposit of PF dues
The employer is required to pay the contribution recovered from employees into the provident fund account on or before 15th of the following month ( 5 DAYS OF GRACE ARE ALSO ALLOWED, in case of reasonable cause given)
The employers contribution must be deposited before due dates of fiing return of Income.
Monthly Returns
Monthly Remittance / Challans:

1. Challans every month before 15th (4 copies/ quadruplicate)
2. All A/c (A/c Nos-1,2,10,21&22)
3. To Bank
4. both employer & employee contribution

• Account group no eg Ma mu 1246 (state-first two alphabets /city/acc no: of the company)
• Month
• Total number of subscribers
• Total wages due for each account (wages on which calculations are done)
• Each accounts totals (consolidated amount with employer and employee share)
• Name of the establishment and address
• Name and signature of the depositor
• Name of the bank, mode and date of remittance etc

Challan is submitted tp PF office along with form-12A every month.
Deposit into:
The Government accounts in which the PF dues are required to be deposited are as under :
A6: The PF dues are required to be deposited as follows:
(1) 12% of the Pay, Employees Provident Fund Contribution – A/c No. – 1
(2) Voluntary Provident Fund Contribution – A/c No. – 1
(3) 12% of the Pay minus EPS, Employer Provident Fund, – A/c No. – 1
(4) 8.33% of the Pensionable Salary (EPS)-A/c No. – 10
(5) 1.10% of the Pay, PF Admn. Charges-Minimum Rs. 5/-pm, A/c No. – 2
(6) 0.50% of Pensionable Salary for EDLI contribution-A/c No. – 21
(7) 0.01% of Pensionable Salary for EDLI administrative charges – Minimum Rs. 2/-pm., A/c No.–22
Cheque in Fvg. of – State Bank of India – EPF A/c

The monthly returns, as listed below, should be submitted on or before 25th of the following month (i.e. October 2008 monthly returns should be submitted on or before 25th of November 2008).
- Form 12A along with Triplicate copy challan,
- Form 5 & Form 10 containing employees additions and deletions and
- Form 2 (Revised)
Annual Returns
1. Form 3 A (Individual Computation sheet)
2. Form 6 A (Consolidated Annual Contribution Statement)
3. before 30th April every year

Have a nice day ahead