PF arrear refers to the outstanding contributions to the Provident Fund (PF) that an employer or employee has failed to deposit within the stipulated time. This can occur due to various reasons, such as financial constraints or administrative oversights. Accumulated PF arrears can lead to penalties and affect the retirement benefits of employees, making timely payment crucial for compliance and financial planning.
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I have one arrear due to unexpected personal circumstances that impacted my ability to meet the payment deadline. Despite my efforts to manage my finances, an unforeseen expense arose, which temporarily affected my cash flow. I am actively working on a plan to address this arrear and ensure timely payments moving forward.
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