Dear All,
I have some confusion regarding PF calculation. please suggest me best method and i am wright or wrong.
Our most of employees basic salary is above 10000/- so we have set limit for pf deduction is 6500/- for both and accordingly our software calculating 780/- as pf amount for both part ( employee and employer)
But problem is that, that if any employee has basic salary 15000/- and he present only for 20 days in month then what should be PF amount.
It should be 780/- or 780/30*20 = 520/- as per pf act.
Regards
Mukesh Singh

From India, New Delhi
Dear Seniors.., Kindly guide me about what is the PF Claim procedure in death case (if employee is worked more then 15 yrs).
From India, Bangalore

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