Thanks.
The below are the sample Salary break up of my employee.
Name Basic+DA HRA Medical Reimbursement Conveyance LTA Spl All Gross Pay( per month)
A 10000 5000 1250 800 833 2117 20000
B 15000 7500 1250 800 1250 4200 30000
C 7500 3750 1250 800 625 1075 15000
D 12500 6250 1250 800 1042 3158 25000
E 37500 18750 1250 800 3125 13575 75000
F 4250 2125 625 400 354 746 8500
G 30000 15000 1250 800 2500 10450 60000
When I was interacting with PF Consultant, he say that his Basic +DA may be >6500 or >10,000 to >40,000.
Example:
Suppose if the Employee has Basic+DA is 10,000, he says that we can calculate for 6500 as Basic+ DA and we can leave the remain amount Basic+DA 3500.
But we can show the below Salary break up for PF records
Name Basic+DA HRA Medical Reimbursement Conveyance LTA Spl All Gross Pay( per month)
A 10000 5000 1250 800 833 2117 20000
My question is
• Suppose if I’m following my consultant advice it will not create any problem for me.
• My employee strength is 40, and most of them are getting their Basic+DA is >10,000-40,000.
• We want to include the employee in PF or NOT.
• But consultant is saying that if the Employee strength is 40, atleast 30 Employee should to be in ESI AND EPF.
• Incase any PF inspectors came for inspection definitely he will put fine for not paying PF contribution.
• At present out of 40 Employee we had 5 Employee in ESI and EPF.
• Pls give me valuable suggestion to sort out my problem