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Re: PF and ESI Salary

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(Querist)
11 March 2020 Dear Experts,

We Deduct the PF and ESI for a specific amount of salary not for total net wages.

But as per the govt regulations we cant show the total salary other than the PF & Esi Wages with the Financial Report.

Now My Question is How to be accounted other than PF & Esi Wages in Financial (Audit) Statement?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
11 March 2020 You have to change the practice and have to go according to the prevalent law. Any window dressing is now not advisable.
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Asha Kanta Sharma

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Asha Kanta Sharma (Expert)
25 May 2020 Only Base Expenses needs to be shown in Income Statements.




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