as per statutory compliance I (co.) need to pay the contribution both employer and employee with in specified date. IF i have paid after the duedate what will the consequence as per statute ie. IT ACT and PF ACT and other relevant acts ?
total contribution to PF is 25.61% and while filling the challan we need transfer (12%e/ee+3.67% e/or) to a/c no.1 but if I charge 8.33%instead of 3.67% jn a/c no.1 what will be the consequnce if known refer the section also plz
Regards
CAclubindia
