Pension calculation
This query is : Resolved
16 April 2014
Hi friends
We have problem on employee's pension please clarify me.
Previously we are deducted Pension on basic: i.e
Basic - Rs. 18600/-
Pension on basic (18600*8.33%=1549)
as per EPF Rules pension should not exceed Rs.541/-.( Basic Rs.6500)
but currently we want to deduct 8.33% on 6500 basic salary i.e Rs 541/-
if now we deducted Rs 541 then any problem from the EPF department.
Thank you
We have problem on employee's pension please clarify me.
Previously we are deducted Pension on basic: i.e
Basic - Rs. 18600/-
Pension on basic (18600*8.33%=1549)
as per EPF Rules pension should not exceed Rs.541/-.( Basic Rs.6500)
but currently we want to deduct 8.33% on 6500 basic salary i.e Rs 541/-
if now we deducted Rs 541 then any problem from the EPF department.
Thank you
17 April 2014
no this amount is minimum amount on which you have to show Rs. 6500/-
there is no problem with EPF Deptt.
there is no problem with EPF Deptt.
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