Dear Seniors,
I have been working in an organization 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 the employee part. Similarly, the same difference is there in the employer contribution part.
I checked the preceding six-year statements and found the same difference.
Now, my basic pay is approximately Rs. 13,500. If I calculate, I find that the 1.61% PF administration charge is being deducted from both my and the employer's 12% contribution.
In my appointment letter, it is clearly mentioned that there will be an equal contribution from the employee and employer.
Question on Employer Liability
Now, my question is whether the employer is liable to pay the 1.61% separately, or if it is to be adjusted from the contribution of 12% of the employee and employer. If the charges are to be borne by the employer, then how has the company gotten away in audits?
Finally, is the company 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 have been working in an organization 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 the employee part. Similarly, the same difference is there in the employer contribution part.
I checked the preceding six-year statements and found the same difference.
Now, my basic pay is approximately Rs. 13,500. If I calculate, I find that the 1.61% PF administration charge is being deducted from both my and the employer's 12% contribution.
In my appointment letter, it is clearly mentioned that there will be an equal contribution from the employee and employer.
Question on Employer Liability
Now, my question is whether the employer is liable to pay the 1.61% separately, or if it is to be adjusted from the contribution of 12% of the employee and employer. If the charges are to be borne by the employer, then how has the company gotten away in audits?
Finally, is the company 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