Dear Seniors,
Please suggest, what is the remedy if for the last eight months I had paid the incorrect amount against EPF (a/c 2) as per 0.85% instead of 0.65% or a minimum of Rs. 500, and paid admin charges (a/c 22) as per 0.01% instead of NIL?
Regards,
Jayesh Soni
From India, Mumbai
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6Please suggest, what is the remedy if for the last eight months I had paid the incorrect amount against EPF (a/c 2) as per 0.85% instead of 0.65% or a minimum of Rs. 500, and paid admin charges (a/c 22) as per 0.01% instead of NIL?
Regards,
Jayesh Soni
From India, Mumbai
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Dear Mr jayesh Soni, Please make your question specific? have you made short payment or excess payment? what remedy you seek?
From India, New Delhi
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From India, New Delhi
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I have made excess payments towards a/c-22 and a short payment for a/c-2. If I write more specifically, instead of paying a minimum of Rs. 500 towards a/c-2, I have paid Rs. 204 and admin charges (a/c-22) instead of not paying anything, I have paid Rs. 2 every month for the last eight months. Now I am confused as I am not from an HR background and I was not aware until today when I read the thread https://www.citehr.com/580676-epf-ad...w-e-f-pg2.html and I was paying online as per the Excel sheet made by our HR person who left the job last February. Please help.
From India, Mumbai
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From India, Mumbai
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Dear Mr. Jayesh Soni,
With effect from 01/04/2017:
A/C #1 - EPF Employee Share @12% on EPF Wages + Difference of Employer share @3.67% / Less EPS Contribution.
A/C #10 - EPS Employer share @8.33% on EPS Wages (Maximum up to Rs 15,000/-, i.e., Rs 1,250/-).
A/C #2 - EPF Admin Charges on EPF Wages @0.65% or Rs 500/-, whichever is higher.
A/C #21 - EDLI Contribution @0.50% on EDLI / EPS Wages (Maximum Ceiling up to Rs 15,000/-). PF Portal will calculate collectively once you upload ECR.
A/C #22 - EDLI Admin Charges - No sum is payable/ Nil Contribution.
If you can upload your latest ECR Data, corrections can be suggested. Further, there is no provision to pay for A/C #22 in the PF Portal.
From India, New Delhi
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With effect from 01/04/2017:
A/C #1 - EPF Employee Share @12% on EPF Wages + Difference of Employer share @3.67% / Less EPS Contribution.
A/C #10 - EPS Employer share @8.33% on EPS Wages (Maximum up to Rs 15,000/-, i.e., Rs 1,250/-).
A/C #2 - EPF Admin Charges on EPF Wages @0.65% or Rs 500/-, whichever is higher.
A/C #21 - EDLI Contribution @0.50% on EDLI / EPS Wages (Maximum Ceiling up to Rs 15,000/-). PF Portal will calculate collectively once you upload ECR.
A/C #22 - EDLI Admin Charges - No sum is payable/ Nil Contribution.
If you can upload your latest ECR Data, corrections can be suggested. Further, there is no provision to pay for A/C #22 in the PF Portal.
From India, New Delhi
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Mr. Shrinath,
Thank you. However, my question remains unanswered: what must I do to pay the remaining amount against account 2? Instead of the minimum 500, I have paid 204 for the last eight months. Can you please provide guidance on this matter?
Thank you again.
Jayesh
From India, Mumbai
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Thank you. However, my question remains unanswered: what must I do to pay the remaining amount against account 2? Instead of the minimum 500, I have paid 204 for the last eight months. Can you please provide guidance on this matter?
Thank you again.
Jayesh
From India, Mumbai
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Dear Mr jayesh soni, you can include shortfall in Dec-2017 Challan or you can pay separately also under intimation to PF Dept with covering letter , details of short payment & payment details
From India, New Delhi
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From India, New Delhi
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