Dear Seniors, I work in a company in Delhi (Okhla Ph-2). An employee retired in December 2016, but the PF department has not activated his pension yet. The EPF department returned his Form 10D, mentioning that his basic wage contribution increased up to the minimum wage for 6-7 months from October 2014 to March 2015 (attached is an Excel sheet) and then decreased again. His EPF contribution spans around 30 years (from 1986).
Background of the Issue:
In October 2014, when the EPF limit increased to 15,000, some executives technically updated the basic salary to the minimum wage of that time. The company reviewed this in April 2015 and adjusted the basic wage back to the level as of September 2014.
Seeking Solutions:
What could be the solution in this case? How should we respond to the EPF office's request for Form 3 (contribution sheet) of the employee along with an explanation for decreasing his basic salary in April 2015?
Thank you.
Background of the Issue:
In October 2014, when the EPF limit increased to 15,000, some executives technically updated the basic salary to the minimum wage of that time. The company reviewed this in April 2015 and adjusted the basic wage back to the level as of September 2014.
Seeking Solutions:
What could be the solution in this case? How should we respond to the EPF office's request for Form 3 (contribution sheet) of the employee along with an explanation for decreasing his basic salary in April 2015?
Thank you.
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