Dear All,
The wage of an employee is 10,000/- per month. He joined on 20th May. While calculating PF, I calculate PF for 12 days and remit the amount. Please note that we deduct PF in all cases irrespective of the salary limit of Rs.6,500/- per month and remit it to RPFC.
While doing so, when we calculate the Pension amount, while restricting the calculation to Rs.6,500/-,
a) do we calculate the proportional Pension amount and remit it
b) or do we need to remit a Pension amount of Rs.541/- even though we get Rs.216.58 as a pension for 12 days.
Could you please clarify?
Regards,
Prakash K
From India, Madras
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13The wage of an employee is 10,000/- per month. He joined on 20th May. While calculating PF, I calculate PF for 12 days and remit the amount. Please note that we deduct PF in all cases irrespective of the salary limit of Rs.6,500/- per month and remit it to RPFC.
While doing so, when we calculate the Pension amount, while restricting the calculation to Rs.6,500/-,
a) do we calculate the proportional Pension amount and remit it
b) or do we need to remit a Pension amount of Rs.541/- even though we get Rs.216.58 as a pension for 12 days.
Could you please clarify?
Regards,
Prakash K
From India, Madras
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ESI NOTIFICATION CEILING LIMIT 10000 TO 15000 w.e.f.1-05-2010 .doc
GO_Wage ceiling limit increase 200410.pdf
PENSION CALCULATION.xls