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Question from raghunathanc on Jan 10 at 7:44 AM Dear friends,
Provident fund is deducted & deposited and the annual return for the same will be submitted to the PF authorities after February salary run with deposit details.
Now say an employee left service on 25.2.2012 but salary prepared for the full month of February by mistake and the PF contributions are fully (28 days) deducted, deposited and accordingly the PF returns are submitted.
When we run the salary of March after rectification in the data, the additional PF (3 days) will be reversed by the system but the amount cannot be recovered from the PF authorities nor it can be adjusted from employee's future dues as the employee already left service in the past PF accounting period.
Now, any one can suggest the process/options available to stop negative PF in such cases.
Thanks,
Raghunathan
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