There are many dual citizenship, expats who worked in India for the firm and we were only deducting PF on basic
How to rectify? If we start deducting from Apr19 will that be enough or is there any retrospective action required and till what year?
18th April 2019 From India, Mumbai
In the case of expats, the PF qualifying salary is the same as applicable to the other Indian employees. The only difference is that you cannot restrict the contribution to 12% of Rs 15000 but has to contribute it on the entire basic salary and dearness allowance, if available. You can correct it from April and start contributing it on the total basic +DA. This will have to be done with retrospective effect from their joining by paying the arrears with interest and damages.
18th April 2019 From India, Kannur
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™