My factory (rope making) has 22 employee in Parbhani (Maharashtra) , actual salary range in my area is 6500-8000. We are paying 9600 approx as per MRW. My doubt is on which amount pf to be deducted?
From India, Pune

PF is to be deducted on the actual salary up to a max. salary of Rs. 15,000/- p. m. Thereafter you have the option to peg the contribution at the max. amount.
It is not correct to base your contribution on the basis of salaries drawn elsewhere and in case you are caught in the process, which is quite easy, you are liable to pay interest, penalty and even criminal prosecution. So it is not a risk worth taking.

From India, Mumbai
Thank you for your help! Will I get deduction of HRA?
From India, Pune
I hope you know that ₹ 6500 is definitely below minimum wages act. Also I suggest you do not use abbreviations without explaining, like I have no idea what MRW is
From India, Mumbai

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply →

About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2022 CiteHRô

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server