Dear Sir/Madam,
An employee is working in an organisation for last two years. But since there are no 20 employees in such organisation, they didnt deduct PF from salary and once the employees crossed 20, company started deducting PF and the same amount is contributed by the employer and paid to the government. Company started deducting PF from August 2014 and the employee left office on 31st May 2015. So PF is deducted from his salary for 10 months.
Now the employer wants to withdraw PF. So what is the amount of PF he will get.
Is it -
1. Total of PF and Interest i.e., Amount deducted from his Salary + Amount contributed by the employer + Interest
or
2. Total deducted from his account only and interest ie., Amount deducted from his Salary + Interest
or
3. Any other amount.
Please explain in detail???
CAclubindia
