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EPF

Suresh Chandra (Manager - Accounts) (206 Points)

01 June 2009

X an employee drawing basic salry is 5400/- for April 2009 (Days in a month 30) bu he worked 35 days, how you will calculate basic salary for calculating EPF?

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4 Replies

Shekar (CA & LCS ) (1109 Points)
Replied 01 June 2009

Hi Suresh,

If Basic of Rs.5400 is for 30 days, calculate for 35 days.

5400*35/30 = Rs.6300 and calaculate EPF on this basic

PRAVEEN KUMAR (MBA (Finance) B.Com.(P)) (3443 Points)
Replied 01 June 2009

Shekhar Jee is right

RAMANJU (here to updating the knowledge) (485 Points)
Replied 01 June 2009

what a cross query ya!!!!!!!

Ankit Madhogarhia (Pursuing Final) (531 Points)
Replied 01 June 2009

HI Sir , Its very simple the employee is getting RS 5400 for 30days it means for one day 5400/30-180.the employee is getting 180 rs per day & he work for 35 days . Basic Salary = No of days worked*salary per day. i.e 35*180=6300.