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Former Member
Sep 07, 2011 at 11:02 AM

PF Calculation_Indian Payroll,

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Dear Experts,

Recently PF calculation is changed.

As per government's new policy:

If basic salary of employee is less than 3620, PF should be calculated as 12% of 3620.

And if it is more than 3620,then PF should be calculated on 12% of basic.

Please let me know how to fulfill this requirement.

regards,

Surekha