Executives, I working in small concern as HR executive in tirupur. We are provide weekly wage for workers. anybody can explain the monthly PF calculation method for weekly wages.
From India, Coimbatore
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1From India, Coimbatore
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Whether you pay wages monthly, daily, or weekly, deduct 12% of the wages paid. If weekly wages payable/paid when converted into monthly are more than Rs 15,000, then the individual can be exempted subject to other conditions.
Varghese Mathew
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From India, Thiruvananthapuram
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Varghese Mathew
09961266966
From India, Thiruvananthapuram
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Dear Aravind HRM,
If you have a weekly wage system and need to calculate PF contributions monthly, the process is straightforward. Simply add up the wages and contributions for all weeks in a month to create a monthly statement of wages and contributions. Based on this monthly statement, you can then upload the ECR.
I hope this clarifies the process for you.
Best regards, [Your Name]
From India, Mumbai
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If you have a weekly wage system and need to calculate PF contributions monthly, the process is straightforward. Simply add up the wages and contributions for all weeks in a month to create a monthly statement of wages and contributions. Based on this monthly statement, you can then upload the ECR.
I hope this clarifies the process for you.
Best regards, [Your Name]
From India, Mumbai
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Dear friends,
You may go thru' these links & attachments for further clarifications on 'what is wages' for EPF purposes.
One is our learned member Madhu T.K. and other a compilation from sources:
Madhu.T.K: STATUTORY MINIMUM WAGES AND EMPLOYERS’ LIABILITY IN RESPECT OF PF, BONUS AND GRATUITY
And 'Due date' for payment of EPF Contribution w.r.t. daily/weekly rated wages.
From India, Bangalore
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You may go thru' these links & attachments for further clarifications on 'what is wages' for EPF purposes.
One is our learned member Madhu T.K. and other a compilation from sources:
Madhu.T.K: STATUTORY MINIMUM WAGES AND EMPLOYERS’ LIABILITY IN RESPECT OF PF, BONUS AND GRATUITY
And 'Due date' for payment of EPF Contribution w.r.t. daily/weekly rated wages.
From India, Bangalore
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Epfo org how to calculate for edli in employees ( that is i am want die to person above 15,000 or below 15,000) how much amount get for family side
From India, Tiruppur
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From India, Tiruppur
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PF & ESI CALCULATION SHEET EXAMPLE.xls