One of our employees has taken more leaves, so two days are NCP for him. His PF salary will be reduced from 15000/—to 14032/-. Do we need to mention his gross salary after subtracting the salary for two days?
From India, Delhi
From India, Delhi
Yes, the salary on which PF is contributed should be proportionately reduced by the number of loss of pay leave days. Then for a PF salary of Rs 15000, in a month with two days LOP, the PF salary should be shown as 14032 with 29 days as days worked or 2 NCPs.
From India, Kannur
4249From India, Kannur
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Circular Dated 28-10-2016 for settlement of PF Death Case Claims within 7 days.pdf