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Aug 07, 2015 at 08:05 AM

Provident Fund :EPS contribution advise please



We have process the salary for the month of July 2015, the details are given below:-

Date of joining: - 22.07.2015

Basic salary: 20,000.00

We would like to generate the PF monthly details for employee Id-988280, employees has worked days =9,

The PF details are given below:-

Basic salary: Rs. 20,000.00

EPF wages: (20000/31)*10 =Rs. 6451

EPS wages: (15000/31)*10 = Rs. 4839

Now end use said that EPS wages is (Rs.6451) instead of Rs. 4839, while pension is calculated on EPS wages.

(Pension = EPS wages* 8.33% or maximum 1250)

Please suggest!