If somebody's wages are Rs. 7500.00, and he opts for the upper ceiling of Rs. 6500.00 for PF deduction, what should be done if, in any month, he is absent for 3 days and his basic wages stay at Rs. 6800.00 for that respective month? Do we have to deduct PF at the rate of Rs. 6500.00, or should we take a proportionate amount of Rs. 6500.00 based on attendance days, i.e., Rs. 6200.00? The same calculation applies in the case of pension fund deposition.
Request to revert back on this.