Dear Respected All,
Plz let me know if an employee has basic salary as 20000 and as Per PF Act. celling is 15000, my question is, if in particular month of 30 days if employee was absent for 2 days then what will be calculation to deduct PF, if I make basic as 20000/30*28=18666.66 then what the PF should I deduct as 1800 or 15000/30*28=14000 so PF deduction will be 1680, so what calculation should I use,
I hope you understand my question.
Regards
Bharat
Plz let me know if an employee has basic salary as 20000 and as Per PF Act. celling is 15000, my question is, if in particular month of 30 days if employee was absent for 2 days then what will be calculation to deduct PF, if I make basic as 20000/30*28=18666.66 then what the PF should I deduct as 1800 or 15000/30*28=14000 so PF deduction will be 1680, so what calculation should I use,
I hope you understand my question.
Regards
Bharat