Sir,
In case an employee has worked for part month and earned basic for part month say Rs 6000 and assuming the organization contributes PF on ceiling limit basis. Than in such case will the ceiling limit of Rs 6500 be reduced on pro rata basis for part month for comparison with earned wages?
From India, Delhi
In case an employee has worked for part month and earned basic for part month say Rs 6000 and assuming the organization contributes PF on ceiling limit basis. Than in such case will the ceiling limit of Rs 6500 be reduced on pro rata basis for part month for comparison with earned wages?
From India, Delhi
Please refer my earlier post which is herein under
As rightly said by Mr. Premkumar, if the basic salary of the employee for 17 days earning is less than or equal to Rs. 6500/- then employers PF contribution will be on actual. But if the basic salary of the employee for 17 days earning is more than Rs. 6500/- then the employers PF contribution will be restricted upto Rs. 6500/- basic pay because of the cap.
Which states that if the Basic for 17 days is say Rs. 6000/- then the PF contribution will be on Rs. 6000/- and not on pro rata basis. If the basic is above Rs. 6500/- then the PF contribution will be on the Cap of Rs. 6500/-. I hope you understood now.
From India, Ahmadabad
734As rightly said by Mr. Premkumar, if the basic salary of the employee for 17 days earning is less than or equal to Rs. 6500/- then employers PF contribution will be on actual. But if the basic salary of the employee for 17 days earning is more than Rs. 6500/- then the employers PF contribution will be restricted upto Rs. 6500/- basic pay because of the cap.
Which states that if the Basic for 17 days is say Rs. 6000/- then the PF contribution will be on Rs. 6000/- and not on pro rata basis. If the basic is above Rs. 6500/- then the PF contribution will be on the Cap of Rs. 6500/-. I hope you understood now.
From India, Ahmadabad
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