Please find attached the EPF calculation sheet. In the given sheet, I have shown EPF and EPS Diff remitted as Rs. 911, but as I read on the internet, it is to be calculated as 15000*3.67%, i.e., Rs. 550. My query is whether Rs. 911 is correct. Can the employer show EPF wages more than 15000, i.e., 18000?
If not, can we now revise the ECR file to show EPF wages equal to 15000 and reduce the EPF and EPS Diff remitted to Rs. 550? And if yes, what will happen to the excess amount deposited.
From India, Noida
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If not, can we now revise the ECR file to show EPF wages equal to 15000 and reduce the EPF and EPS Diff remitted to Rs. 550? And if yes, what will happen to the excess amount deposited.
From India, Noida
Acknowledge(0)Amend(0)
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