Friends,
Please clarify my doubt.
1. Due to loss of pay when there is salary reduction, should the PF and ESI contribution be reduced accordingly?
2. When there is loss of pay, where do these reduction reflect? Only in Basic and DA? Or should it be equally deducted from all salary components (Basic, DA, HRA, Allowances, Incentives etc.) with equal proportion?
Waiting for your relies.
Regards,
Shijit.
From India, Kochi
122Please clarify my doubt.
1. Due to loss of pay when there is salary reduction, should the PF and ESI contribution be reduced accordingly?
2. When there is loss of pay, where do these reduction reflect? Only in Basic and DA? Or should it be equally deducted from all salary components (Basic, DA, HRA, Allowances, Incentives etc.) with equal proportion?
Waiting for your relies.
Regards,
Shijit.
From India, Kochi
Hi Shijit, Yes PF will be reduced accordingly if there are any LOP’s I m not sure of the second question.... however let me chk wth our accounts manager....
From India, Bangalore
From India, Bangalore
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