Dear Sir, 'Greeting of the day'
Sir, some employee's CTC is 65745 and he is present for 15 days, then how will he calculate the pf, because 15000 is fix 1800 pf according to this calculations, then there is a variation in the CTC.
Example - CTC- 65745( for 30 days) if any employees present 15 days Then,
Basic- 30000 Basic - 15000
Allowances - 30000 Allowances - 15000
PF - 1800 PF - 1800
Bonus - 2500 Bonus - 1250
Gratuity - 1445 Gratuity - 723
Total - 65745 Total - 33773
But as per CTC for 15 days amount is 65745/2 = 32873
Total differences 33773-32873 = 900
Dear Sir ,it is requested that , pls give me suggestion how can I manage differences in payroll system .
Amod Kumar Singh
Sir, some employee's CTC is 65745 and he is present for 15 days, then how will he calculate the pf, because 15000 is fix 1800 pf according to this calculations, then there is a variation in the CTC.
Example - CTC- 65745( for 30 days) if any employees present 15 days Then,
Basic- 30000 Basic - 15000
Allowances - 30000 Allowances - 15000
PF - 1800 PF - 1800
Bonus - 2500 Bonus - 1250
Gratuity - 1445 Gratuity - 723
Total - 65745 Total - 33773
But as per CTC for 15 days amount is 65745/2 = 32873
Total differences 33773-32873 = 900
Dear Sir ,it is requested that , pls give me suggestion how can I manage differences in payroll system .
Amod Kumar Singh