Your question,
For a basic pay of Rs. 11238.00, PF is Rs. 275. Is it legally correct as the system is calculating 780/31=25 (25*31=275)? Is it legally correct?
The answer is it's incorrect because Monthly PF = 780, Month Days = 31, Per day PF = 25 (780/31), Monthly PF = 775 (25*31), Shortfall = Rs. 5. It shows a shortfall of Rs. 5, so it's calculating wrong.
Arun J.
From India, Hyderabad
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191For a basic pay of Rs. 11238.00, PF is Rs. 275. Is it legally correct as the system is calculating 780/31=25 (25*31=275)? Is it legally correct?
The answer is it's incorrect because Monthly PF = 780, Month Days = 31, Per day PF = 25 (780/31), Monthly PF = 775 (25*31), Shortfall = Rs. 5. It shows a shortfall of Rs. 5, so it's calculating wrong.
Arun J.
From India, Hyderabad
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HC All - Trainees not covered for PF -2010.pdf