Re: PF and ESI Salary
This query is : Resolved
Quick Summary
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?
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?
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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25 May 2020
Only Base Expenses needs to be shown in Income Statements.
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