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Former Member

Employer's PF contribution s'd not exceed the amt 780/-

Hi,

Can anybody help me how can I fix the Employer's PF contribution to Rs. 780/- when Basic pay is more than Rs. 6500/-.That is to say if an EE's Basic is 10,000/-, his PF contribution will be 12% (1200/-) but Employer's contribution towards PF should not exceed 780/- for any employee whose Basic is greater than 6500/-.

Pls. help if any change in IMG setting is required or I need to create Rule or Function for this. If yes, then please guide me the steps to do it.

Regards,

Rajesh S

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4 Answers

  • Best Answer
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    Former Member
    Posted on Apr 10, 2009 at 11:31 AM

    Hi,

    in info type 587, select the radio button "Eligible Pay or PF Basis which ever is less"

    That will solve ur problem.

    Kumar

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  • Posted on Apr 10, 2009 at 11:43 AM

    As said by our gurus check with them in IT0587 but in the back end u shd fix ur PFBAIS as 6 500 in V_T511K

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    Former Member
    Posted on Apr 10, 2009 at 11:26 AM

    Hi rajesh,

    Check the infotype 587.

    Here u will get 2 option for the computation of the basis of emplyee.

    1. Minimum of PF basis and eligible pay

    2. PF Basis

    select the first 1 and test it. It will solve ur issue.

    Regards,

    Praveen

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    Former Member
    Posted on May 04, 2011 at 10:37 PM

    Dear Rajesh

    Can you explain me how you solved this problem the same requirment with my client

    Regards

    RBS

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    • Former Member

      Hi,

      Maintain celling for the employer in the IT-0587 as below.

      PF Basi s- for employee

      PFBasis which ever is less -For Employer .

      All the best

      KRC