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Dear Sir/madam,
As per my opinion, my Basic+Special Allow + Exgratia is ( 12000+4000+4000)
= Rs. 20,000/- as per Judgement of Supreme court in civil Appeal No 6221 of 2011
as per maximum limit of Rs. 15,000*12% = Rs. 1800 (Employee Contribution)
I would like to know that, what is the correct formula in excel format for this rule .

From India, Gurgaon
If an employees' basic is Rs. 30000.00 and remain 15 days absent than PF will be deducted on Rs. 7500 or Rs. 15000.00 as per Act. Please clarfy. Regards Sone Lal Kashyap
From India, Mumbai

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