Dear Seniors,
am working as Hr Executive.
1. we are deduction only the basic+Da for PF. But the Enforce ment officer conduct the verification and sumbit the report in to PF office at the time they are calculated what are all the other allowances given to the employee comes under PF calculation.
2. Now we are paid the remaining amount .
3. How to prepare the revised statement for the other allownaces.
So please sugested me.
Regards
Bagyaraj.
From India, Madras
am working as Hr Executive.
1. we are deduction only the basic+Da for PF. But the Enforce ment officer conduct the verification and sumbit the report in to PF office at the time they are calculated what are all the other allowances given to the employee comes under PF calculation.
2. Now we are paid the remaining amount .
3. How to prepare the revised statement for the other allownaces.
So please sugested me.
Regards
Bagyaraj.
From India, Madras
From your post I understand that the EPF Enforcement Officer directed you to pay contributions on the other parts of salary also and accordingly you have paid the same. It is also understood that earlier you had been contributing on a salary which were less than minimum wages fixed by the government. If not, the observation of the EPF is not legal and you can challenge it, because as per the Employees Provident Fund and Misc. Provisions Act you are bound to pay contribution on the basic salary and DA only.
Regarding revising the returns (12 A) you can send a revised return with a remark on the top " Revised Return" showing the details of contributions on the actuals putting together the amounts paid earlier and the sum paid now.
Regards,
Madhu.T.K
From India, Kannur
4246Regarding revising the returns (12 A) you can send a revised return with a remark on the top " Revised Return" showing the details of contributions on the actuals putting together the amounts paid earlier and the sum paid now.
Regards,
Madhu.T.K
From India, Kannur
Hi
Everyone,
The issue is not so simple as the replies are!
Legally it is true that basic and DA are the components for the PF calculations. There are other items also most relevant for the purpose. therefore their nature and nomenclature has to be seen. It is not that U any sum and name it some thing else that Basic and DA.
Every penny paid for the work done during the course of employment qualifies for PF deduction.
Unless other allowances and their nature is explained it can not confine to only Basic + DA.
What are the EO's comments/observations. Is there any thing recorded or simply bulling tactic?
An Ex RPFC Gr. I (Delhi)
From India, Jaipur
Everyone,
The issue is not so simple as the replies are!
Legally it is true that basic and DA are the components for the PF calculations. There are other items also most relevant for the purpose. therefore their nature and nomenclature has to be seen. It is not that U any sum and name it some thing else that Basic and DA.
Every penny paid for the work done during the course of employment qualifies for PF deduction.
Unless other allowances and their nature is explained it can not confine to only Basic + DA.
What are the EO's comments/observations. Is there any thing recorded or simply bulling tactic?
An Ex RPFC Gr. I (Delhi)
From India, Jaipur
Dear Bagyaraj,
Unless & until u define the nature of allowance instead of casually saying "other allowances", the same shall be considered as basic wages, so, it is very important to titled the allowance which throws light the nature of allowance and naturally it comes out of the definition of basic wages and obviously not attracted to PF contribution. Recently it is decided by the Hon'ble High court (Hariyana, Punjab) that the allowances which are bifurcated even if within the minimum wages can not be taken for the contribution of PF.
Regards,
KIRAN KALE
From India, Kolhapur
Unless & until u define the nature of allowance instead of casually saying "other allowances", the same shall be considered as basic wages, so, it is very important to titled the allowance which throws light the nature of allowance and naturally it comes out of the definition of basic wages and obviously not attracted to PF contribution. Recently it is decided by the Hon'ble High court (Hariyana, Punjab) that the allowances which are bifurcated even if within the minimum wages can not be taken for the contribution of PF.
Regards,
KIRAN KALE
From India, Kolhapur
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Salary Sheet & PF PT Calculation & Challan Nov 2010.xls