POSTED BY May 7, 2014 4:48 pm COMMENTS (5)
ONHi,
In my company EPF is maintained by a trust. In my earlier company the monthly EPF deducted and respective company contribution aligned with the particular month as per PF statement. For e.g., PF deducted for Dec and company contribution for Dec is shown for Dec in the PF statement.
However in my new company the deducted amount and company contribution are being shown for the following month. Eg. Amount deducted for Dec and company contribution for Dec are being shown for January as per PF statement. This way there is a hole in my statement during this transition to new company.
Are there any rules governing this process? Thanks.
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Dear SK, what I understood from your query, your employer is depositing the PF contribution in next month and hence same is counted for that month’s PF calculation.
Thanks
Ashal
Dear SK, then be happy with whatever has been offered as explanation by your employer.
Thanks
Ashal
Dear Ashal, I think we are not discussing about being happy or staying unhappy 🙂 Just wanted to know if there are any rules governing such deductions? Thanks.
Dear SK, please check with your employer itself for the loophole to understand.
Thanks
Ashal
Hi Ashal, I checked with new employer and get a response that this is the process! So, what is the right process? Thanks.