Provident fund
This query is : Resolved
Querist : Anonymous
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.
Querist : Anonymous
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/-
Deduction for 5 days = 1,667
Net salary = 8,333
PF will be calculated on Rs. 8,333/-
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