Provident fund

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
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.

Avatar

Querist : Anonymous

Profile Image
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/-


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query