Dear Experts,
I am working in one Pvt. Ltd. Co. in Mumbai as HR. My company is having 30 employee but there is no PF and ESI as on date. Majority of employees are having salary more than 25000 without any split up today.
Now my company has decided to apply for PF showing 20 employees to start with. My MD told me to split the salary in Basic, HRA, Conveyance, Education and Medical showing basic between 4000 to 5500.
I told my MD that we have to give basic at minimum wage rate but he is not agreeing to it. He has given me wage slips of one dozen companies from Mumbai wherein the basic is shown between 4000 to 5500. PF is deducted on this basic amount only.
I am confused now as to what to do. I need your advise at the earliest.
I am working in one Pvt. Ltd. Co. in Mumbai as HR. My company is having 30 employee but there is no PF and ESI as on date. Majority of employees are having salary more than 25000 without any split up today.
Now my company has decided to apply for PF showing 20 employees to start with. My MD told me to split the salary in Basic, HRA, Conveyance, Education and Medical showing basic between 4000 to 5500.
I told my MD that we have to give basic at minimum wage rate but he is not agreeing to it. He has given me wage slips of one dozen companies from Mumbai wherein the basic is shown between 4000 to 5500. PF is deducted on this basic amount only.
I am confused now as to what to do. I need your advise at the earliest.