Can Anybudy guide me in EPF calculation following case
Employee X is drawing (basic+DA) wages 10000 per months
As per EPF act his contribution for epf will be 12% of 6500 i.e. 780 rupees,
but in month of April he has attended 22 days only, in that case his (Basic+DA)drawing will be 10000/30*22=7333 rupees,
now tell me that whether his EPF contribution will be calculate @6500 i.e 780 or it will proportionally reduce 780/30*22 i.e 572
please guide me
From India, Valsad
Employee X is drawing (basic+DA) wages 10000 per months
As per EPF act his contribution for epf will be 12% of 6500 i.e. 780 rupees,
but in month of April he has attended 22 days only, in that case his (Basic+DA)drawing will be 10000/30*22=7333 rupees,
now tell me that whether his EPF contribution will be calculate @6500 i.e 780 or it will proportionally reduce 780/30*22 i.e 572
please guide me
From India, Valsad
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EPF - Pension contribution is zero WHY.jpg
EPF-Circular-da ted-23-May-2011 -Splitting-of-M inimum-Wages-fo r-the-Purpose-o f-PF-Contributi on-Not.pdf
Splitting of MW for EPF contribution.do cx