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Provident fund

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 August 2012 If Basic Salary is 10000p.m. and employee has taken 5 leaves during the month for which salary is to be deducted then whether PF would be calculated on actual salary or gross salary?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
28 August 2012 PF will be calculated on the actual amount paid to the employee,i.e., the amount paid after deducting salary.
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Querist : Anonymous

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Querist : Anonymous (Querist)
28 August 2012 after deducting salary??????
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
30 August 2012 Basic salary is Rs. 10,000
Deduction for 5 days = 1,667
Net salary = 8,333

PF will be calculated on Rs. 8,333/-
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