I am not able to make out as to why the wages drawn by an employee in a month shall be divided by the formula indicated by some members to decide the quantum of contribution and what is the legal basis for it.I concur with Meherunisa Basima and T.M. Rao on this issue.
B.Saikumar
HR & Labour Law advsior
Mumbai
From India, Mumbai
1898B.Saikumar
HR & Labour Law advsior
Mumbai
From India, Mumbai
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf