pf calculation
This query is : Resolved
04 January 2010
hi
i m doing the audit of govenment enterprises..in such audit
we have to check salaries of various employees,in the case of calculation of salary ,,they didnot take the 6th pay commission for calculating provident fund .it is only taken as basic + Da
whether it is correct ?
i m doing the audit of govenment enterprises..in such audit
we have to check salaries of various employees,in the case of calculation of salary ,,they didnot take the 6th pay commission for calculating provident fund .it is only taken as basic + Da
whether it is correct ?
04 January 2010
PF is to be deducted on (basic salary+DA+Retaining Allowance).
where basic salary is the salary prevailing as at the time of accrual.
in your case you will have to check what basic salary is payable to an employee as at the date of payment/accural (considering 6th pay commission)
In nut shell you will have to consider salary enhanced by 6th pay commission also.
where basic salary is the salary prevailing as at the time of accrual.
in your case you will have to check what basic salary is payable to an employee as at the date of payment/accural (considering 6th pay commission)
In nut shell you will have to consider salary enhanced by 6th pay commission also.
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