Hi
My office has got its staff affiliated to Employees Provident Fund Organization (EPFO) w.e.f. February 2012. We had applied for the affiliation in February 2012; however, the approval came in April 2012. By that time, the salaries for February and March 2012 were already processed without EPF deduction. My office deposited the arrears for February and March 2012 in April 2012 (after the approval received from EPFO)
Now few staffs are asking for a PF deduction certificate for February and March 2012 (employee contribution) for income tax purpose (deduction u/s 80C) for the FY 2011-12.
In this context, can the office issue PF deduction certificate to staff for February and March 2012?
Regards
Srikrishna Bedbak
Dear Srikrishna,
I understand that since the organization has deducted and paid the employee contribution of PF to the PF department, there is nothing wrong in issuing the certificate. The only problem you may face is default in payment of PF as per the prescribed time line.
Thanks and regards,
B V Soma Sastry