Dear Colleagues,
Hope you are doing well! Please help me with your valuable advice on the below matter
Q1. The query is for those employers who treat the PF dues on basis of Rs. 15000 limit on EPF wages and not the entire amount.
In an example of such employer, if some employee has PF wages defined as say Rs. 50000 /- per month. If such an employee is on Loss of pay for 15 days out of 30 in April, what is the PF deduction and contribution?
- Is it based on the fact that since the employee is paid Rs. 25000 /- for that month (15/30 X 50000), the PF should be 12% of 15000 (lower of 15000 and 25000) i.e. 1800 /- OR
- Should it be computed as PF wages is 15000 (lower of 50000 and 15000) and PF wages pro-rated as per LOP days is 15/30 of Rs. 1800 i.e. Rs. 900?
Q2. The query is for those employers who treat the PF dues on basis of the entire amount.
In an example of such employer, if some employee has PF wages defined as say Rs. 50000 /- per month. If such an employee is on Loss of pay for 15 days out of 30 in April, what should be the EPF wages? 50000 or 25000 or 15000?
Hope you are doing well! Please help me with your valuable advice on the below matter
Q1. The query is for those employers who treat the PF dues on basis of Rs. 15000 limit on EPF wages and not the entire amount.
In an example of such employer, if some employee has PF wages defined as say Rs. 50000 /- per month. If such an employee is on Loss of pay for 15 days out of 30 in April, what is the PF deduction and contribution?
- Is it based on the fact that since the employee is paid Rs. 25000 /- for that month (15/30 X 50000), the PF should be 12% of 15000 (lower of 15000 and 25000) i.e. 1800 /- OR
- Should it be computed as PF wages is 15000 (lower of 50000 and 15000) and PF wages pro-rated as per LOP days is 15/30 of Rs. 1800 i.e. Rs. 900?
Q2. The query is for those employers who treat the PF dues on basis of the entire amount.
In an example of such employer, if some employee has PF wages defined as say Rs. 50000 /- per month. If such an employee is on Loss of pay for 15 days out of 30 in April, what should be the EPF wages? 50000 or 25000 or 15000?