One of our employees has taken more leave, so two days are NCP for him. His PF salary will be reduced from ₹15,000 to ₹14,032. Do we need to mention his gross salary after subtracting the salary for two days?
From India, Delhi
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From India, Delhi
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Yes, the salary on which PF is contributed should be proportionately reduced by the number of loss of pay leave days. Then for a PF salary of Rs 15,000, in a month with two days LOP, the PF salary should be shown as Rs 14,032 with 29 days as days worked or 2 NCPs.
From India, Kannur
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4526From India, Kannur
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Salary Sheet & PF PT Calculation & Challan.xls