Respected seniors good afternoon to all
Our company inspection of EPF held on the date of 16/01/2012.
we prepare the all documents needed in that inspection like as form 9,5A,2,5,10,12A,6A,11,challans,wages and salary register etc...
But we have some problem when we take the wages and salary of balance sheet and actual mean in balance sheet the salary is like6200000 lak and in registers its 2200000 lacs...
so seniors we need ur suggestion that how we fulfill or match the salary amount with balance sheet
Please sir help me.... i m waiting to ur suggestion........
From India, Haldwani
32Our company inspection of EPF held on the date of 16/01/2012.
we prepare the all documents needed in that inspection like as form 9,5A,2,5,10,12A,6A,11,challans,wages and salary register etc...
But we have some problem when we take the wages and salary of balance sheet and actual mean in balance sheet the salary is like6200000 lak and in registers its 2200000 lacs...
so seniors we need ur suggestion that how we fulfill or match the salary amount with balance sheet
Please sir help me.... i m waiting to ur suggestion........
From India, Haldwani
Dear Dheeraj,
1.Me be there is a problem with the accounts department by making the entry in the accounts books. You need to check with the accounts people regarding the entry make by them.
2. Please check what you are taking to making is it CTC OR Gross Or Net and them check check with accounts what they are taking in the accounts people.
Please hire a local consultant to resolve it, as P.F can raise penalty on you, if it does not match.
Regards,
Kamesh
From India, Gurgaon
1.Me be there is a problem with the accounts department by making the entry in the accounts books. You need to check with the accounts people regarding the entry make by them.
2. Please check what you are taking to making is it CTC OR Gross Or Net and them check check with accounts what they are taking in the accounts people.
Please hire a local consultant to resolve it, as P.F can raise penalty on you, if it does not match.
Regards,
Kamesh
From India, Gurgaon
Dear Dheeraj, Please verify the figures from A/cs Department. In balance Sheet, the figures have been shown after adjusting the tax, deduction etc., regards a.s. patil
From India, Pune
From India, Pune
Respected sir,
I m sharing some information regarding the problems...
we have two contractors worked but in actual both are not covered in contractor act mean licence.
and the main problem is that both are take a huge amount in year with only there name means the hole amount is only one contractor name only so how we divided that amount in registers??????//
i m waiting your sincere response because we are converted the date of audit through requesting with pf officers...............
From India, Haldwani
I m sharing some information regarding the problems...
we have two contractors worked but in actual both are not covered in contractor act mean licence.
and the main problem is that both are take a huge amount in year with only there name means the hole amount is only one contractor name only so how we divided that amount in registers??????//
i m waiting your sincere response because we are converted the date of audit through requesting with pf officers...............
From India, Haldwani
Dear Dheeraj Harbola,
Greetings for the day,
First of all tell me how balance sheet was prepared, as far as my knowledge is concern the salary & wages what is defined in salary register can only be taken in balance sheet, but if the booked amount is higher than registered amount then it seems that all the misclanious expennse & other expense were booked in salary & wages option, ask your accounts dept. to define the difference of amount if they unable to explian the same then you are hereby requested to call me, i will definately help you what little knowledge i have.
Thanks & Regards,
From,
Sumit Kumar Saxena,
+91-9899669071, 0120-4131008
From India, Ghaziabad
Greetings for the day,
First of all tell me how balance sheet was prepared, as far as my knowledge is concern the salary & wages what is defined in salary register can only be taken in balance sheet, but if the booked amount is higher than registered amount then it seems that all the misclanious expennse & other expense were booked in salary & wages option, ask your accounts dept. to define the difference of amount if they unable to explian the same then you are hereby requested to call me, i will definately help you what little knowledge i have.
Thanks & Regards,
From,
Sumit Kumar Saxena,
+91-9899669071, 0120-4131008
From India, Ghaziabad
Dear Dheeraj,
1) Sit with Accounts Officer and discuss with him frankly about the issue and know how the balance sheet prepared.
2) Call the contractor to assist you in the issue and take the details about actual payments he received. And you have the right to call him and it is his responsibility to help you in sort outing the issue.
3) Make sure the entries in Accounts Dept are correct and match this for every individual month with salary/wages registers maintained with HR .
Rgds,
Kishore
From India, Bangalore
1) Sit with Accounts Officer and discuss with him frankly about the issue and know how the balance sheet prepared.
2) Call the contractor to assist you in the issue and take the details about actual payments he received. And you have the right to call him and it is his responsibility to help you in sort outing the issue.
3) Make sure the entries in Accounts Dept are correct and match this for every individual month with salary/wages registers maintained with HR .
Rgds,
Kishore
From India, Bangalore
Dear Dheeraj,
1.May be there is a problem with the accounts department please check the books of a/c,s how he maintained it on monthly basis
2. Please check the salary with balance sheets it is on CTC based or not
3. Please check the contractors payments which is on NMR and MR.
4. Please check that your employee appointed from out source agency if then all liability will be taken by the a/c's deptt.
Regards,m
Ramakant sharma
From India, Pune
1.May be there is a problem with the accounts department please check the books of a/c,s how he maintained it on monthly basis
2. Please check the salary with balance sheets it is on CTC based or not
3. Please check the contractors payments which is on NMR and MR.
4. Please check that your employee appointed from out source agency if then all liability will be taken by the a/c's deptt.
Regards,m
Ramakant sharma
From India, Pune
if any employee (or/&) company been paid the PF amount based on the basic wages (i.e. 10,000 basic =1,200 from each side (EE & ER) even its' exceed the ceiling amount (Rs. 6,500/) , then there is any possibility to have the maximum ceiling of Rs.6,500/- (Max. 780/- from both contribution) in any future by having mutual agreement between the employees' & Company.
Is there any approval needs from PF office????
From India, Pollachi
Is there any approval needs from PF office????
From India, Pollachi
Hello Suresh......
Its just based on the company rules and regulations. if the employee basic is more than 6500 so company can take the action about that we give on not the p.f. that employee mean it can also possible to we show that as a non p.f. person.....
From India, Haldwani
Its just based on the company rules and regulations. if the employee basic is more than 6500 so company can take the action about that we give on not the p.f. that employee mean it can also possible to we show that as a non p.f. person.....
From India, Haldwani
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