We need clarification regarding PF calculation. Let’s say an employee has a basic salary of Rs.20000/- per month. Now both the employee and employer are willing to pay the PF. In this case, is it sufficient to do the pf calculation on Rs.15000/- (PF wage ceiling) or is it mandatory to do the pf calculation on Rs.20000/-.
From India, Chennai
1From India, Chennai
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls