PF related

NITIN (Querist) 05 August 2011 This query is : Resolved
Ours is a limited company. Recently PF inspection was done for the last 10 years.
We had not deducted and paid PF from the salaries of certian employees thinking that they are not covered.As per PF inspector these employees are covered.
Inspector has calculated a liability of around 5 lacs which represents employee and employer contributions. The question is, if we are on the wrong side of the law, then how can we pay the contribution for employees now, when almost all of them have left our company. We do not know their whereabouts. In whose account this contributions will be credited. We have not deducted any amount from these employees. Is there any legal remedy? What will be our further liability in terms of interest and penalty? Further if all these employees were getting less than Rs.6500/-, then should the contribution be 12% of Rs.6500/- or it will only be on the basic? How can we break up the salary today into basic and other allowances, when we have not shown any such break up in any of our books of accounts for all these years. We are paying PF of other employees regularly for all these years.

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Ajay Bansal (Expert) 05 August 2011
File a civil suit against goverment for prohibitory injunction.As per my view now nothing can be gone against you.

K.S.Srinivas (Expert) 05 August 2011
Browse the EPFO website for knowing the details.

Guest (Expert) 06 August 2011
Dear Nitin,

How many employees your company had been employing, as its total strngth from time to time and what class of business your company is engaged in?

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