EPF deducted in this month but shown for next month

POSTED BY SK ON May 7, 2014 4:48 pm COMMENTS (5)

Hi,

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.

5 replies on this article “EPF deducted in this month but shown for next month”

  1. ashalanshu says:

    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

  2. ashalanshu says:

    Dear SK, then be happy with whatever has been offered as explanation by your employer.

    Thanks

    Ashal

    1. SK says:

      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.

  3. ashalanshu says:

    Dear SK, please check with your employer itself for the loophole to understand.

    Thanks

    Ashal

    1. SK says:

      Hi Ashal, I checked with new employer and get a response that this is the process! So, what is the right process? Thanks.

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