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Former Member
Jul 16, 2008 at 10:22 AM

EPN contribution on Arrears more than 541.00 rs

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Hi Payroll Experts:

I have scenario as described below:

An employee's BAISC= 10000.00 in the month of April 2008 and May 2008.

And in the month of April and May his PF contributions are shown below:

BASIC= 10,000.00

Employee PF contr= 1200.00

Employer PF cont= 659.00

Employer Pension cont= 541.00

And his salary was revised w.e.f April 2008 i.e BASIC= 15000.00 per month now.

Now, the system is calculating the retro amounts on BASIC difference of 5,000.00

here the retro amounts for each month of April and May 2008 are as follows :

Employee PF contr(arrear)= 600.00

Employer PF cont(arrear)= 243.00

Employer Pension cont(arrear)= 416.00

But, my query is that the system has already considered rs. 541.00 towards Eemployer contribution for Pension Fund in April 2008 regular payroll before the Salary revision.

Now, again after the Increment it is considering the Employer Pension contribution of Rs. 416 and it resulting in an averall Pernsion contribution of Rs. 957.00

Is this calculation correct?

Pls suggest.

Best regards,

Srikanth Reddy