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Jan 13, 2011 at 11:11 AM

Employer PF basis

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Dear Consultants,

1) X joins on 01.01.2011 with basic = 20000. He is on Leave Without Pay for 15 days & gets basic = 10000.

2) Y joins on 16.01.2011 with basic = 20000. He also gets basic = 10000.

SAP calculates Employer Basis for PF for X as 6500 but for Y as 3250. Is this correct according to provisions of PF Act?

Regards,

Bindumadhav