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Epf contribution

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This query is : Resolved

V R S (Querist)

21 January 2014 Dear Friends,

Kindly solve my following query please:

If Mr. X has joined his organisation after taking extraordinary leave (HE HAD NIL LEAVE AT HIS CREDIT) from 01.12.2013 to 15.12.2013 on account of his marriage and joins on 16.12.2013. He will not be getting salary for the period 01.12.2013 to 15.12.2013 and his Basic Pay is Rs. 20,000/-. Then, what will be the Employee's Contribution @ 12% for the month of Dec 2013?

Will it be Rs. 2,400/- (Rs. 20,000*12%)? OR
Will it be Rs. 1,239/- (Rs. 20,000/31*16) X 12% ?

16 days come as (31.12.2013 - 16.12.2013).

Also enlighten me on the point that to calculate per day Basic Pay do we need to take 30 Days as days for any month or we should take days according to the respective calender month to calculate the per day Basic Salary?

Rupesh Jain

Rupesh Jain (Expert)

23 April 2014 salary calculated according to days in particular month and epf will deductible if his Basis salary Upto Rs. 6500/-
mostly co. give EPF on Rs. 6500/- if salary higher than Rs.6500/-.

if your employee cover under EPF the amount deducted on earned salary.

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