Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
01.What are the points they will check during the inspection.
02.What will they check in Wages and Salary.
03.What will they check in P&L Balance sheet.
04.Is there any %age of Contribution should we pay from the turn over of the factory.
Pls help on this.

From India, Ernakulam
Usually for any PF inspection the following items are checked :-
1.0 P & L Balance Sheet - The inspector will try to find out any cost booked to repair and maintenance, construction, any other activity where there is probability of manpower engagement etc. Then they will scan the ledger to find out exact booking to determine short fall of PF amount.
2.0 Wages, Salary, Muster roll - Wages & Salary will check to determine the exact amount deducted and deposited or not as per PF & Misc. act and the quantum of PF gross in respect to monthly gross. Muster roll will be checked to determine the exact number of man power vis a vis PF contribution and also the status of excluded employee if any along with Form-11.
3.0 The Inspector will also check the status of contract labour and the PF compliance status for them.
4.0 Any other items if they think fit and proper.
Thanks & Regards,
S K Bandyopadhyay (Howrah, WB)
+91 98310 81531

From India, New Delhi
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™