Query on pf (employees contribution)

Dear Sonu,

     As per Sec 36(1)(va)Income Tax Act, if the employer is not deposited the amount collected from Employees (Employee Contribution), regarding PF, ESI ets, with the time limit specified in those respective acts then such amount will be added to his (Sec 2(24)(x)) and and he has to pay tax on the same

      Regarding Employer contribution he should deposit the same befor the due date of filing the return of income u/s 139(1), otherwise it will be allowed in the year in which they actually paid. Sec 43B

Note Sec 43B not applicable to Employees contributions

All the Best

Dear Rajesh,

Very Nicely explained.