As per the Employees Provident Funds and Miscellaneous Provisions Act, 1952, the employer has to deposit PF amounts by the _______________.
A
First week of the following month
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B
Last week of the following month
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C
Middle of the following month
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D
Last day of the following month
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Solution
The correct option is C Middle of the following month According to the employees provident funds and miscellaneous provisions act, 1952 the employees have to contribute a total of minimum twelve percent of their salary with dearness allowance to the funds established under the schemes prescribed by the central government. The contribution to the provident fund is deposited by the middle of the next month from the date when the salary got due.