Please find attached the EPF calculation sheet. In the given sheet, I have shown EPF and EPS Diff remitted as Rs. 911 but as I read on internet it is to be calculated as 15000*3.67% i.e Rs. 550. My query is whether Rs. 911 is correct. Can the employer show EPF wages more than 15000 i.e. 18000.
If not, can we now revise ECR file to show EPF wages equal to 15000 and reduce the EPF and EPS Diff remitted to Rs. 550. And if yes, what will happen to the excess amount deposited.
From India, Noida
If not, can we now revise ECR file to show EPF wages equal to 15000 and reduce the EPF and EPS Diff remitted to Rs. 550. And if yes, what will happen to the excess amount deposited.
From India, Noida
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Use factoHR and automate your HR processes
Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.
350
LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Method of calculation of wages.doc