No Tags Found!

Hi Member, Please share if PFable Wages (Basic+DA) is less than Rs. 15000/- (i.e. Rs. 12000/-) due to absenteeism and gross salary is Rs. 25000/- then how much PF will be deducted and what will be the PFable wages.
From India, Delhi

On account of leave without pay, if the basic and DA portion on which the PF is contributed has come down to Rs 12000, pay PF on that amount only. In the case of employees whose gross salary is more than Rs 15000, say Rs 25000, but PF contribution is limited to 12% of Rs 15000, the LOP should be worked out on Rs 15000.
From India, Kannur
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.

Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR

All Copyright And Trademarks in Posts Held By Respective Owners.