Epf deduction on arrears salary & interest

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Vasant

Accountant

75 Points Joined January 2012

hello

my query is i want to pay arrears salary for that there is EPF part also

and Profession Tax

so when i pay arrears salary which belongs to 5 months back do i need to pay interest on EPF and PT amount till date of payment when i deposit EPF and PT to department?

plz. note EPF and PT on arrears was not deducted earlier.

thanks in advance

Replies (1)

Rama chary Rachakonda

Master in Accounts & high court Advocate

8996 Points Joined December 2011

Yes. You have to deduct EPF as per latest rules of rates in EPF. and submit supplementary returns. No need to calculate any interests on arrears of EPF.