TMayur
9

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
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Saswatabanerjee
Partner - Risk Management
KK!HR
Management Consultancy
TMayur
Professional

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KK!HR
1367

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
TMayur
9

Thank you for your help! Will I get deduction of HRA?
From India, Pune
saswatabanerjee
2354

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

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