No Tags Found!

AK1975JHA
2

Dear Sir,
I hv one query reg PF contribution to be deducted in below cases:
Gross (Basic+DA) Salary Rs. 6750. Working days in a month is 24 days.
Now whether PF contribution will be on Rs. 5400(6750/30*24) or on Rs. 5200 (6500/30*24)
Please adv.
Thanks & Regards
Ajay

From India, Gurgaon
klepakshi1967@yahoo.com
37

Is the above employee newjoiner or existing employee If new Joiner 6750/30* 24 If existing Employee 6500*30/24 If you need more clarifications you may contact me Lakshminaryana 9866917232
From India, Hyderabad
saiconsult
1898

Ajay, Are you not paying wages for the remaining 6 days in a month? B.Saikumar HR & Labour Law advsior Mumbai
From India, Mumbai
Mehrunisa Basima
66

Dear Ajay,
PF is to be calculated and paid on the salary which you receive at the end of the month. For more clarification please go through the discussions in Citehr and search for it. It has been discussed for multiple times.

From India, Kochi
vinodsingh.hr
2

Dear Sir,
If yopur company is deducting PF within the ceiling 6500 then it would be deducted on the amount of (6500/30*24, considering six days as LWP but if any of the absence days are paid (e.g. weekly off or paid leave) then the payment of those should also be added. PF will be deduted on that sum of amount.
Regards

From India, Pune
AK1975JHA
2

Dear Vinod ji,
Thanks for your reply. 24 days working is inclusive of weekly off & paid leaves and we are paying pf contribution within the ceiling limit then calculation of amount will be as 6500/30*24. But our consultant says that calculation by 6750/30*24 comes under ceiling amount so the amount will be calculated by later method.
Please adv. your valuable suggestion.
Regards
Ajay

From India, Gurgaon
AK1975JHA
2

Dear Sir,
We are not paying for 6 days as the worker was on leave for more than 9 days and the applicable CL and EL are already included in total 24 days.
Pls adv. your valuable suggestions
Regards
Ajay

From India, Gurgaon
karthik_madan@hotmail.com
1

The ceiling amount of Rs.6500/- is applicable for those are earning more than Rs.6500/-( for the purpose of PF computation). In this case his actual earnings will be less than Rs.6500/- based on the rate of pay for him for the month. Hence PF to be computed on the actual payment received based on computation - earning on the rate of applicable. ie on 6750/- for the period of his attendance -24 days.
From India, Madras
atulsaklani
1

In above case PF should the be deducted on actual earning as the earning is less than PF limit ie PF = 12% of (6750/30*24) = Rs.648 Thanks & Regards Atul Saklani
From India, Kalkaji Devi
tmrao79
21

Dear Ajay,
I too agree with the view of our respected member Mehrunisa Basima. PF is calculated on the salary (Basic + DA) which is paid at the end of the month to the employees who are already covered under EPF Scheme.
Regards
T.M. Rao
HR Consultant

From India, Jamshedpur
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.






Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.