Dear Seniors, At present, we have fixed the basic salary at 60%, and in October 2022, we increased the salaries of the employees. However, in the case of one of our employees, we made a mistake and increased his basic salary by 70% instead of 60%. We also paid his EPF contribution as per the increased basic pay. So I want to know, can we reduce his salary from 70% to 60% now? If yes, then can the Employees Provident Fund Department have any objection to this? Please guide on what we can do in this matter.
Thank you.
Thank you.