Dear Seniors
I am working in an organisation for the past seven years. Like every year i received my PF slip. I noticed that there is a difference of approximately Rs 250 less contributed in employee part. similarly the same difference is there in employer contribution part.
I checked for preceding six year statements and found the same difference.
now my basic pay is approx. Rs13500. If i calculate i find that the 1.61% PF administration charges is being deducted from my and employer's 12% contribution.
In my appointment letter it is clearly mentioned that there will be equal contribution from employee and employer.
Now my question is whether employer is liable to pay separately 1.61% or it is to be adjusted from the contribution of 12% of employee and employer and if the charges is to be borne by the employer then how the company has gotten away in audits.
finally whether company is liable to compensate for this blunder.
Please correct me for any misunderstandings regarding the subject matter as i do not belong to HR
Regards
alam_ma
I am working in an organisation for the past seven years. Like every year i received my PF slip. I noticed that there is a difference of approximately Rs 250 less contributed in employee part. similarly the same difference is there in employer contribution part.
I checked for preceding six year statements and found the same difference.
now my basic pay is approx. Rs13500. If i calculate i find that the 1.61% PF administration charges is being deducted from my and employer's 12% contribution.
In my appointment letter it is clearly mentioned that there will be equal contribution from employee and employer.
Now my question is whether employer is liable to pay separately 1.61% or it is to be adjusted from the contribution of 12% of employee and employer and if the charges is to be borne by the employer then how the company has gotten away in audits.
finally whether company is liable to compensate for this blunder.
Please correct me for any misunderstandings regarding the subject matter as i do not belong to HR
Regards
alam_ma