Hi Guru's,
I have a scenario , where an employee joins on 21st of may and his basic salary (prorated for 11 days ) is 11238.00 .
the pf settings here is minimum of 12% of is his basic and 12% of eligible basis (6500).
now since his basic is more than 6500 his pf contribution should be rs 780. but the system is calculating the basis on prorata basis (basis 6500 * no of days in the month) and coming with an amount approx rs 278. but since his basic is more than 6500 the client says it should rs 780.
How do I answer this issue.
Kindly help as this my first project.
Regards
vibin
I have a scenario , where an employee joins on 21st of may and his basic salary (prorated for 11 days ) is 11238.00 .
the pf settings here is minimum of 12% of is his basic and 12% of eligible basis (6500).
now since his basic is more than 6500 his pf contribution should be rs 780. but the system is calculating the basis on prorata basis (basis 6500 * no of days in the month) and coming with an amount approx rs 278. but since his basic is more than 6500 the client says it should rs 780.
How do I answer this issue.
Kindly help as this my first project.
Regards
vibin