Regarding Form 11

Dear Akhil,
As I told you we have Basic + Bonus Salary Structure.
We dont have any other allowances like, HRA, Travelling, etc...
So now ?

As i told you,
** You will deduct PF on only Basic salary for Staff and on Basic+DA for Labour as applicable. (12% of Basic+DA or 12% of Basic)
Yes, for ESI you will deduct 1.75% of Basic+Bonus (Gross).

Okkk sir,
thanks a lot,
Last question to you,
i have talk to my MD for best Salary Structure including all allowances.
so can you please give me the suitable structure ?
if you dont mind may I have your contact number ?
coz u know I m fresher and I dont have much experience of practical field, I would like you to get some solution on talk...

Dear Vipul,
at the outset it is not clear why Company is paying P F of 20% Employees ?
Please let us know whether you have unexexpted Provident Fund ?
As regards to Form No. 11, it is merely declaration , nothing to worry. However, your Company should have a policy to enroll all employees
under the coverage of The Employees' P F & Misc.Provisions Act, 1952, restricting salary limit to Rs.6,500/- p.m. per employee. For this purpose salary means Basic + D.A. ( if applicable).
Further, the Company should make rule in such a manner that even though the salary exceeds Rs. 6,500/- their membership continues however Employer's liability remain restricted to Rs.780/- per member per month. This sort of amendment need to be approved from the concerned Regioanl P F Commissioner. In case if u wish to have more in depth details, U may write to me or call - 09892580408..rIf it is unex

Hello Vipul,
Please fill the forms 11 of Current employees. Dont afraid of PF Audit , all Auditors are cooperative.
Thanking you,
Regards,
Ashish Thakkar