How to Calculate PF Dues for Employee Enrollment Campaign 2017 for Early Joiners?

Hi Seniors,

I just want to inquire about the computation under the Employee Enrollment Campaign 2017. If someone joined the organization on 01.02.2014 (with a wage ceiling of Rs. 6500/-) and received Rs. 15000/- from September 2014, how much do they have to pay under the Employee Enrollment Campaign 2017 until December 2016?

Regards,
Sanjay M

1083 per month for the period prior to September 2014.

3600 per month for the period after with effect from September 2014.

Account numbers 2/21 and 22 as applicable, plus interest.

However, the damages would be waived under the amnesty scheme and would be limited to Rs1 per annum.

May I get the worksheet, sir?

As per my belief, there should be Rs. 680/- per month till September 2014, and after that, it should be Rs. 1800/- only. Please correct me if I am wrong!

The company's liability as an employer is as follows:

Employer's Contribution

Employer's Contribution from Feb. 2014 to Aug. 2014: Rs. 6500 x 12% = Rs. 780 x 7 = Rs. 5,460/-

Employer's Contribution from Sept. 2014 to Dec. 2016: Rs. 15000 x 12% = Rs. 1800 x 28 (4 + 12 + 12) = Rs. 50,400 + Rs. 5,460 = Rs. 55,860/-

Damages and Interest

Damages for 4 years @ Re. 1 per year: 2013-14, 2014-15, 2015-16 & 2016-17 = Rs. 4/-

Simple Interest @ 12% per annum to be paid along with the contribution.

No administration charges on PF & DLIS.

Hope this will help to resolve your query.

Regards,
Suresh

Dear All,

Please find the attachment for the article on PF Amnesty Scheme (Launch of Employees' Enrolment Campaign 2017) - published in "FORUM VIEWS" March 2017 Edition. I think this may help in clearing some doubts.

Cheers...

Dear Seniors,

Thank you for your valuable inputs. However, I would like the exact amount of total liability for PF dues to be paid after 31.03.2017 and before 15.04.2017. I have attached my calculations based on my understanding; please correct me if I am mistaken. I need to declare three employees in the said scheme.

Regards,
Sanjay M