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Anonymous
Dear Team, Please help me out solution for the below cases as I need to incorporate PF calculation logic in my HRMS system -
Ex. 1) Basic Salary is 50000
Special Allowances is 40000
Preset days in a month - 5
What is the PF amount?
2) Here Employee opted for a minimum PF contribution i.e.1800 per month
Basic Salary is 50000
Special Allowances is 40000
Preset days in a month - 5
What is the PF amount?

From India
Rajeshhr1980
Let See, the gross is 90,000/-, No. of working days 26, So calculate 90000/26*5 (WD) = 17307/- is earned gross, so PF contribution is 1800/-. Rajesh.S
From India, Coimbatore
devi-chowdary
Hi...according to your question, the total EPF wages (including basic wage and special allowance) is Rs.90,000/- per month and number of working days suppose in the month of Jan24 is 5 days. The EPF deduction is as follows:

As per total wages:
Total wages / no. of days in a month * no. of working days
i.e 90000/31*5 = 14516/-
EPF deduction is on Rs.14,516 * 12% = 1,742/-
As per only Basic wage:
50000/31*5 = 8,065/-
EPF deduction is on Rs.8,065 * 12% = 968/-

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