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Former Member
Jun 03, 2007 at 09:36 AM

PF Calculations

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Hi Guru's,

I have a scenario , where an employee joins on 21st of may and his basic salary (prorated for 11 days ) is 11238.00 .

the pf settings here is minimum of 12% of is his basic and 12% of eligible basis (6500).

now since his basic is more than 6500 his pf contribution should be rs 780. but the system is calculating the basis on prorata basis (basis 6500 * no of days in the month) and coming with an amount approx rs 278. but since his basic is more than 6500 the client says it should rs 780.

How do I answer this issue.

Kindly help as this my first project.

Thanks in advance

MVN