01.What are the points they will check during the inspection.
02.What will they check in Wages and Salary.
03.What will they check in P&L Balance sheet.
04.Is there any %age of Contribution should we pay from the turn over of the factory.
Pls help on this.
From India, Ernakulam
02.What will they check in Wages and Salary.
03.What will they check in P&L Balance sheet.
04.Is there any %age of Contribution should we pay from the turn over of the factory.
Pls help on this.
From India, Ernakulam
Usually for any PF inspection the following items are checked :-
1.0 P & L Balance Sheet - The inspector will try to find out any cost booked to repair and maintenance, construction, any other activity where there is probability of manpower engagement etc. Then they will scan the ledger to find out exact booking to determine short fall of PF amount.
2.0 Wages, Salary, Muster roll - Wages & Salary will check to determine the exact amount deducted and deposited or not as per PF & Misc. act and the quantum of PF gross in respect to monthly gross. Muster roll will be checked to determine the exact number of man power vis a vis PF contribution and also the status of excluded employee if any along with Form-11.
3.0 The Inspector will also check the status of contract labour and the PF compliance status for them.
4.0 Any other items if they think fit and proper.
Thanks & Regards,
S K Bandyopadhyay (Howrah, WB)
From India, New Delhi
3361.0 P & L Balance Sheet - The inspector will try to find out any cost booked to repair and maintenance, construction, any other activity where there is probability of manpower engagement etc. Then they will scan the ledger to find out exact booking to determine short fall of PF amount.
2.0 Wages, Salary, Muster roll - Wages & Salary will check to determine the exact amount deducted and deposited or not as per PF & Misc. act and the quantum of PF gross in respect to monthly gross. Muster roll will be checked to determine the exact number of man power vis a vis PF contribution and also the status of excluded employee if any along with Form-11.
3.0 The Inspector will also check the status of contract labour and the PF compliance status for them.
4.0 Any other items if they think fit and proper.
Thanks & Regards,
S K Bandyopadhyay (Howrah, WB)
From India, New Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls