Hello All, Request you to please help me with the below logic pf calculation formula
If basic is >=15K then 12%
If basic+special allowance < minimum wage 13624 then 12% of minimum wage
If basic and spl in between minimum wage 13624 to 15000 then 12%of pf on 15k
and if it is above 15k then cap to 12% on 15k
From India, Bengaluru
If basic is >=15K then 12%
If basic+special allowance < minimum wage 13624 then 12% of minimum wage
If basic and spl in between minimum wage 13624 to 15000 then 12%of pf on 15k
and if it is above 15k then cap to 12% on 15k
From India, Bengaluru
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls