There are many dual citizenship expats who worked in India for the firm, and we were only deducting PF on basic. How to rectify? If we start deducting from Apr19, will that be enough, or is there any retrospective action required and till what year?
From India, Mumbai
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From India, Mumbai
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In the case of expats, the PF qualifying salary is the same as applicable to the other Indian employees. The only difference is that you cannot restrict the contribution to 12% of Rs 15,000 but have to contribute it on the entire basic salary and dearness allowance, if available. You can correct it from April and start contributing it on the total basic + DA. This will have to be done with retrospective effect from their joining by paying the arrears with interest and damages.
From India, Kannur
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4526From India, Kannur
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Clarification On PF Deduction For Indian Employees (International Workers) Returning From Foreig.pdf
PF notfications - International Workers.doc