Dear Respected All,
Plz let me know if an employee has basic salary as 20000 and as Per PF Act. celling is 15000, my question is, if in particular month of 30 days if employee was absent for 2 days then what will be calculation to deduct PF, if I make basic as 20000/30*28=18666.66 then what the PF should I deduct as 1800 or 15000/30*28=14000 so PF deduction will be 1680, so what calculation should I use,
I hope you understand my question.
From India, Vapi
Dear Mr. Amit,
PF should be calculated for Monthly earning members, on days for the wage month.
If member is daily wage system, then it will on actual days excluding holidays in the month
From India, Pune
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