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?

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??????

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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