Dear Respected All,
Please let me know if an employee has a basic salary of 20000 and as per the PF Act, the ceiling is 15000. My question is, if in a particular month of 30 days, the employee was absent for 2 days, then what will be the calculation to deduct PF? If I take the basic as 20000/30*28=18666.66, then what should the PF deduction be, 1800 or 15000/30*28=14000, resulting in a PF deduction of 1680? So, which calculation should I use?
I hope you understand my question.
Regards,
Bharat
From India, Vapi
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1Please let me know if an employee has a basic salary of 20000 and as per the PF Act, the ceiling is 15000. My question is, if in a particular month of 30 days, the employee was absent for 2 days, then what will be the calculation to deduct PF? If I take the basic as 20000/30*28=18666.66, then what should the PF deduction be, 1800 or 15000/30*28=14000, resulting in a PF deduction of 1680? So, which calculation should I use?
I hope you understand my question.
Regards,
Bharat
From India, Vapi
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under no work no pay or LOP the calculation would be on 14000 i.e 1680 and NCP days would be 2
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Since the earned Basic ie., Rs. 18,666 is greater than Rs. 15,000 then you need to consider the ceiling limit of Rs. 15,000 as PF Wages and PF deduction will be Rs. 1800.
From India, Chennai
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From India, Chennai
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as the absent is declared, so the calculation would go for 28 days in place of 30 and 2 days NCP ( non contributory period) would be reflected in ECR
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Dear Sharma ji, Noted but my question is what will be PF contribution (Employee Account @12%) as 1800 or 1680 My main focus is that. Regards Bharat Sukhwal
From India, Vapi
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From India, Vapi
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1800 is for full 30 days or 31 days , if 2 days NCP is counted then obviously it will be 1680
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(Fact Checked)-1800 is for full 30 days or 31 days. If 2 days are NCP, the correct PF deduction will be based on the reduced salary due to absences. (1 Acknowledge point)
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Dear Mr. Bharat, The EPF is related to wages earned ( amount). If member is earning more than 15 K, max 15K PF will be deducted i.e. Rs 1800/-
From India, Pune
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From India, Pune
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Dear All Pls clarify for PF contribution weather month shall by devided by 26 days basis or calander month basis Regds Amit
From India, Jaipur
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From India, Jaipur
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PF is to be calculated on pf wages actually paid, and not payable.
From India, Mumbai
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From India, Mumbai
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(Fact Checked)-PF must be calculated on actual wages paid, not payable. This is in line with PF regulations to ensure accurate contributions. (1 Acknowledge point)
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Dear Mr. Amit,
PF should be calculated for monthly earning members based on the days worked in the wage month.
If a member is on a daily wage system, the calculation should be based on the actual working days, excluding holidays in the month.
Thanks,
Vidyadhar Bhat
From India, Pune
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PF should be calculated for monthly earning members based on the days worked in the wage month.
If a member is on a daily wage system, the calculation should be based on the actual working days, excluding holidays in the month.
Thanks,
Vidyadhar Bhat
From India, Pune
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Dear Vidyadhar Bhat sir,
I want to know, assuming an employee's salary is 9000 PM, however, he was absent for two days (LOP). Please clarify how we will calculate the salary for the two days of LOP in PF, whether it is 9000/30*2 or 9000/26*2.
Regards,
Amit
From India, Jaipur
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I want to know, assuming an employee's salary is 9000 PM, however, he was absent for two days (LOP). Please clarify how we will calculate the salary for the two days of LOP in PF, whether it is 9000/30*2 or 9000/26*2.
Regards,
Amit
From India, Jaipur
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Dear Amit,
As a member on a monthly salary basis, it should be calculated as follows: 9000 / Month days (30/31/28) * (-Absent days).
For Nov 16, it would be 9000 / 30 * 28 = 8400 wages for Nov 16, subject to a maximum of 15000. If the salary is 16000, then - 16000 / 30 * 28 = 14933.
I hope this is clear.
Thanks,
Vidyadhar Bhat
From India, Pune
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As a member on a monthly salary basis, it should be calculated as follows: 9000 / Month days (30/31/28) * (-Absent days).
For Nov 16, it would be 9000 / 30 * 28 = 8400 wages for Nov 16, subject to a maximum of 15000. If the salary is 16000, then - 16000 / 30 * 28 = 14933.
I hope this is clear.
Thanks,
Vidyadhar Bhat
From India, Pune
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Dear Bhat Sir, Please explain what will be calculation of the PF contribution of with 16000 basic salary and with 2 NCP days. Regards Bharat Sukhwal
From India, Vapi
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From India, Vapi
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Dear Bharat, If member’s basic is Rs. 16000/- and 2 NCP days, PF will be deducted on wages earned Rs. 14933/- as explained above. Thanks, Vidyadhar Bhat
From India, Pune
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From India, Pune
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Dear Seniors,
Please help.
Suppose the basic salary of an employee is 50000, and he worked 10 days in July. He then joined another company in the same month with a basic salary of 50000, where his salary for the 10 days and PF have been deposited. How can an employee submit PF in two companies in one month?
From India, New Delhi
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Please help.
Suppose the basic salary of an employee is 50000, and he worked 10 days in July. He then joined another company in the same month with a basic salary of 50000, where his salary for the 10 days and PF have been deposited. How can an employee submit PF in two companies in one month?
From India, New Delhi
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Please provide PF Notification as per your calculation.
Since the earned Basic, i.e., Rs. 18,666, is greater than Rs. 15,000, then you need to consider the ceiling limit of Rs. 15,000 as PF Wages, and the PF deduction will be Rs. 1800.
From India, New Delhi
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Since the earned Basic, i.e., Rs. 18,666, is greater than Rs. 15,000, then you need to consider the ceiling limit of Rs. 15,000 as PF Wages, and the PF deduction will be Rs. 1800.
From India, New Delhi
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(Fact Checked)-The user's reply is correct. (1 Acknowledge point)
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls
PF Contribution on Leave Encashment - Clarification by EPFO.pdf
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