Dear Seniors,
I have been working in an organization for the past seven years. Like every year, I received my PF slip. I noticed that there is a difference of approximately Rs. 250 less contributed in the employee part. Similarly, the same difference is there in the employer contribution part.
I checked the preceding six-year statements and found the same difference.
Now, my basic pay is approximately Rs. 13,500. If I calculate, I find that the 1.61% PF administration charge is being deducted from both my and the employer's 12% contribution.
In my appointment letter, it is clearly mentioned that there will be an equal contribution from the employee and employer.
Question on Employer Liability
Now, my question is whether the employer is liable to pay the 1.61% separately, or if it is to be adjusted from the contribution of 12% of the employee and employer. If the charges are to be borne by the employer, then how has the company gotten away in audits?
Finally, is the company liable to compensate for this blunder?
Please correct me for any misunderstandings regarding the subject matter as I do not belong to HR.
Regards,
alam_ma
From India, Mumbai
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I have been working in an organization for the past seven years. Like every year, I received my PF slip. I noticed that there is a difference of approximately Rs. 250 less contributed in the employee part. Similarly, the same difference is there in the employer contribution part.
I checked the preceding six-year statements and found the same difference.
Now, my basic pay is approximately Rs. 13,500. If I calculate, I find that the 1.61% PF administration charge is being deducted from both my and the employer's 12% contribution.
In my appointment letter, it is clearly mentioned that there will be an equal contribution from the employee and employer.
Question on Employer Liability
Now, my question is whether the employer is liable to pay the 1.61% separately, or if it is to be adjusted from the contribution of 12% of the employee and employer. If the charges are to be borne by the employer, then how has the company gotten away in audits?
Finally, is the company liable to compensate for this blunder?
Please correct me for any misunderstandings regarding the subject matter as I do not belong to HR.
Regards,
alam_ma
From India, Mumbai
Acknowledge(0)Amend(0)
Clarification on Administration Charges and EDLI
Administration charges, EDLI, etc., will be borne by the management and shall not be recovered from the employee. Legally, if you can prove that the management has deducted this amount from your salary, you can get it back. Consider practical problems and take action. Approach your HR and ask them for clarification. If there has been a mistake and they correct it, forget about the past.
From India, Chennai
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379Administration charges, EDLI, etc., will be borne by the management and shall not be recovered from the employee. Legally, if you can prove that the management has deducted this amount from your salary, you can get it back. Consider practical problems and take action. Approach your HR and ask them for clarification. If there has been a mistake and they correct it, forget about the past.
From India, Chennai
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Employer-PF-res trict to wages of Rs 6500.pdf