dgupta76
Hi Friends, One employee's fixed PF wages is 26,000 Pm. we have kept PF ceiling limit 15000. He was absent for 5 days.
How much should be the PF amount in this case? Should it be 1800 (i.e on 15000) or 1500 (i.e on 12500)? Please guide.

From India, Mumbai
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Bijay_majumdar
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KK!HR
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As he has drawn more than Rs 15,000/- the PF contribution has to continue on the same basis (for Rs. 15,000). Unless the salary goes below Rs. 15,000/- the contribution has to be maintained at the same level.
From India, Mumbai
bijay_majumdar
353

Epf wages for 26 days if fixed to 15000, then the amount that is earned as per number of days worked will be taken into consideration.
From India, Vadodara
dgupta76
But can we maintain two basics; one actual as per appointment letter and another for pf calculation purpose i.e 15000 as per capping
From India, Mumbai
bijay_majumdar
353

An appointment letter defines compensation mentioned is for the employee.The actual basic considered for all statutory reasons and compliance is what your employer mentions during contribution on the poratal.Epf will also consider the amount of basic which is shown in ecr.
For more details pls refer to meaning of wages under epf act.
Epf wages are derived based on this definition for statutory compliance.

From India, Vadodara

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