Dear all,
Need your help in resolving below mentioned query of PF contribution:
Suppose
gross salary:30000/pm
Pf maximum ceiling:15000
Rate of pf contribution:1800
In particular month paid days:10 days
Pf contribution:30000/30*10*12/100=1200
One of our client is asking us to deposit PF of Rs. 600/ only
His calculation is
1800 for 30 days, so 600 for 10 days
Is clients calculation acceptable as per Pf Act???
Thanks in advance.
Need your help in resolving below mentioned query of PF contribution:
Suppose
gross salary:30000/pm
Pf maximum ceiling:15000
Rate of pf contribution:1800
In particular month paid days:10 days
Pf contribution:30000/30*10*12/100=1200
One of our client is asking us to deposit PF of Rs. 600/ only
His calculation is
1800 for 30 days, so 600 for 10 days
Is clients calculation acceptable as per Pf Act???
Thanks in advance.