Employees Provident Fund

RANA MITESH C (Querist) 09 May 2008 This query is : Resolved
Our company raised salary in the month of october w.e.f. January. So we will calculate the salary Arrears from January to September & deduct the P.F. on arrears salary. And we disburse the salary arrears with the October new salary in the month of November. So our company is liable to any Penalty & Interest under the Section 14-B & 7-Q.

Please guide us.

Follow Query

Report Abuse

RANA MITESH C (Querist) 09 May 2008
thanks,

Is there any judgement or related documents for these.

Regards

Guest (Expert) 29 May 2008
I am of the opinion that no interest is leviable on the facts mentioned by you. The decision to make hike is on later date and was made retrospective to apply from January.

No interest is necessary for Rule 7Q, henc e there willnot be any penalty also.

RANA MITESH C (Querist) 30 May 2008
thanks

Gulshan Tanwar (Expert) 25 January 2011

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries