Excess EPF deduction

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Kishor V. Salgaonkar (Querist)
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02 July 2009 I deducted EPF of employees as per EPF A/c. i.e.12% from salary of employees & employer, but I deposited excess epf of employer share i.e. more than 12% for the period from Oct, 08 to Feb, 09, than adejustmenst I should have to do done now. whether it should be recoved from employees or adjusted in coming year epf contribution.

visu iyer

visu iyer (Expert)
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18 July 2009 No problem
The excess amount remitted shall be supported with Reconciliation on filing annual return in form 3A and 6A.

This will be adjusted in the subsequent years.

It can even be adjusted in this year; but for practical convenience it is suggested to adjust in the next accounting years.