Recently, the PF Department announced a change in administrative charges (w.e.f 1-1-2015) from 1.10% to 0.85%. However, for Jan and Feb, companies may have already paid the amount, right? Is there a mechanism to get the extra money paid to PF.
From India, Bangalore
Acknowledge(0)
Amend(0)
206From India, Bangalore
Acknowledge(0)Amend(0)
Dear Seniors, Even we are in dilemma, how to get back the additional admin charges which were already paid for two months. Regards Upender HR
From India, Hyderabad
Acknowledge(0)Amend(0)
From India, Hyderabad
Acknowledge(0)Amend(0)
It is extremely cumbersome to claim back the excess paid to the government. In that case, the only remaining possibility is that of adjustment. It, therefore, seems logical that you pay the minimum charges as specified until the excess paid is liquidated.
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Hi, anyone can please explain the bifurcated calculation of the revised admin charges on epf here. regards harpreet walia
From India, New Delhi
Acknowledge(0)Amend(0)
From India, New Delhi
Acknowledge(0)Amend(0)
Dear Saswata ji,
There is a saving of lakhs of rupees for many employers that I know. Also, it is not a question of a small amount or a large amount. When the government comes out with a decision that has a retrospective effect, why should one not exercise their legal right? Adjustment is possible on the portal while uploading ECR.
From India, Mumbai
Acknowledge(0)Amend(0)
There is a saving of lakhs of rupees for many employers that I know. Also, it is not a question of a small amount or a large amount. When the government comes out with a decision that has a retrospective effect, why should one not exercise their legal right? Adjustment is possible on the portal while uploading ECR.
From India, Mumbai
Acknowledge(0)Amend(0)
Dear all,
It is not a matter of a small or large amount. Any amount paid in excess or less can be adjusted or paid against onward dues, but only in that particular head. For example, if an amount is paid erroneously less in account 2, it can be remitted in account 2 only. Similarly, if paid in excess, it can be adjusted accordingly.
P K Sharma
From India, Delhi
Acknowledge(0)Amend(0)
It is not a matter of a small or large amount. Any amount paid in excess or less can be adjusted or paid against onward dues, but only in that particular head. For example, if an amount is paid erroneously less in account 2, it can be remitted in account 2 only. Similarly, if paid in excess, it can be adjusted accordingly.
P K Sharma
From India, Delhi
Acknowledge(0)Amend(0)
My working is, it comes to your ₹150 for every ₹100,000 in salary paid. If it comes automatically, that's fine. If you have to fight for it or run after the department, it may not be worth it.
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Government will never take more that what is due.Excess payment may not be paid back in cash but adjustment is always permitted.
From India, Hyderabad
Acknowledge(0)Amend(0)
From India, Hyderabad
Acknowledge(0)Amend(0)
Dear Mr. Saswat,
Please check what Mr. Sharma has said. If your employer has questioned you about this, do you have a substantial answer? Because they count every rupee they spend, so it is not a matter of 1L or 2L.
Assume the total payable salary is 1cr or 2cr.
From India, Warangal
Acknowledge(0)Amend(0)
Please check what Mr. Sharma has said. If your employer has questioned you about this, do you have a substantial answer? Because they count every rupee they spend, so it is not a matter of 1L or 2L.
Assume the total payable salary is 1cr or 2cr.
From India, Warangal
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.