Hi Experts,
PCR is calculating correctly for PF Admin Charges, edli charges etc. for PF. But as per our client, when they include VPF Amount then system should calculate "VPF Amount *100/12" and this should Add Base Wages i.e. Basic + DA (which is fluctuating every month). Adding Base Wages and VPF and then multiplying with 0.85% and then giving the answer.
For Example: If emp is contributing VPF Amount as Rs 1000 and Base Wages ( Basic + DA i.e. 10000 + 20000 = 12000)
Then what system should calculate VPF Amount as 1000*100/12 = 8333.33 + 12000 (Base Wages) = 20333.33
Now system should multiply 20333.33 * 0.85 /100 = 172.833305
Please help me!!!
Besr Regards,
Raj