Good Morning Everyone, I have a query, as in our organization, my previous person made a mistake in PF contribution, as he deducted employer's contribution on wages selling of 6500/- pm i.e. if the staff's salary is Rs. 15000/- then his contribution was as follows;-
Wages emp. pf cont. company contribution
15000/- 1800/- 1258/- & 542/- (In pension fund)
when the mistake was identified, I approached the personnel for correction in the staff's pf ledger, The pf official said to kindly submit a revised 3-(A) of staff members, which was submitted accordingly. ( Contribution period was from 10/17 to 01/2021)
Now, PF officials sent a notice mentioning that amount cannot be transfer from EPF to pension account, so kindly deposit the balance amount on monthly basis through challan, then i approach PFC and highlighted the problem, also request him that we can deposit the said amount which was less diposited in pension fund but would you adjust the excess amount diposited in EPF... then he refused that, no that is not possible.
I requested that the establishment deposit the lesser amount, but due to a mistake, the bifurcation was done wrongly, which can be considered, but he refused to do so.
kindly advise
Thanks in advance.
From India, Delhi
Wages emp. pf cont. company contribution
15000/- 1800/- 1258/- & 542/- (In pension fund)
when the mistake was identified, I approached the personnel for correction in the staff's pf ledger, The pf official said to kindly submit a revised 3-(A) of staff members, which was submitted accordingly. ( Contribution period was from 10/17 to 01/2021)
Now, PF officials sent a notice mentioning that amount cannot be transfer from EPF to pension account, so kindly deposit the balance amount on monthly basis through challan, then i approach PFC and highlighted the problem, also request him that we can deposit the said amount which was less diposited in pension fund but would you adjust the excess amount diposited in EPF... then he refused that, no that is not possible.
I requested that the establishment deposit the lesser amount, but due to a mistake, the bifurcation was done wrongly, which can be considered, but he refused to do so.
kindly advise
Thanks in advance.
From India, Delhi
Write the detail case history to Regional PF Commissioner and also to CPFC. In the mean time deposit the short fall amount.
To my opinion as it is a mistake and the money is already with PF authority, they may transfer the amount from PF account to EPS account. Even at CPFC level it is rejected, then there is no other alternate other than to fight a case or to accept the PF authority's decision.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
From India, New Delhi
337To my opinion as it is a mistake and the money is already with PF authority, they may transfer the amount from PF account to EPS account. Even at CPFC level it is rejected, then there is no other alternate other than to fight a case or to accept the PF authority's decision.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
From India, New Delhi
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Steps to transfer PF amount.jpg
PF Amount Balance Check.xls
PF notice to establishments 28082019.pdf