ajith (student) (42 Points)
11 July 2016Sir,
One of our company has manufacture business.In wages register company pays
1.Wages
2.Overtime Wages
3.Sales Incentive
4.Special allowances
Please guide me ti find the Employees contribution towards ESI & PF.
And also the consequences of not remitting the correct amount.
Please provide Advise. Thanks In advance.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 18 July 2016
for ESI all remunaration is covered and applicable for salary upto 15000/-
for EPF only Basic and DA is to be counted, celing may be fixed at 15000/- or the whole amount as mutually agreed between the employer and employee
CAclubindia
