Dear All,
Can anyone help me in understanding how the actual number of days for PF calculation is determined? Is PF calculated for additional working hours or duties performed beyond the standard 31 days of work (for example, if a person has worked night shifts in addition to the regular monthly work without taking any leave)?
For instance, can PF be calculated for 33 days if a person has worked all 31 days in October without taking any leave and has also completed 2 night shifts on top of the regular workdays?
Thanks and regards,
hrstrategist
From India, Bangalore
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Can anyone help me in understanding how the actual number of days for PF calculation is determined? Is PF calculated for additional working hours or duties performed beyond the standard 31 days of work (for example, if a person has worked night shifts in addition to the regular monthly work without taking any leave)?
For instance, can PF be calculated for 33 days if a person has worked all 31 days in October without taking any leave and has also completed 2 night shifts on top of the regular workdays?
Thanks and regards,
hrstrategist
From India, Bangalore
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as per wages act the working days can not exceed the calander days, any payment over it would be "overtime wages" which is included in ESIC but excluded in EPFO
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you can process 30 / 31 days salary , and rest can be added as over time which will be entitled for ESIC deductions , not for PF
From India, Bangalore
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From India, Bangalore
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Dear Friend, with reference of your quarry this is to inform you that refer to shop & establishment act OT is not applicable for PF calculation . Suman Dasgupta 9073073229
From India, Kolkata
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From India, Kolkata
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How can you show an employee worked beyond 31 days?
If an employee works for more than 8 hours a day, the excess time is considered as overtime (OT). Each state has its own set of rules for engaging employees in OT, with a maximum number of hours allowed. Anything exceeding the regular wages can be recorded as OT, and you can be exempt from the Provident Fund (PF).
From India, Bangalore
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If an employee works for more than 8 hours a day, the excess time is considered as overtime (OT). Each state has its own set of rules for engaging employees in OT, with a maximum number of hours allowed. Anything exceeding the regular wages can be recorded as OT, and you can be exempt from the Provident Fund (PF).
From India, Bangalore
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Dear Sir,
For the purpose of PF amount deduction, it should be clear that:
1) PF is deducted at the rate of 12% of the Basic salary + DA.
2) Basic Salary should not be less than Minimum Wages granted by the state government.
3) Any employee can ask his employer to deduct more amount as per his wish to contribute with PF deduction as VPF.
4) No share will be made by the employer over VPF.
5) The amount decided and agreed by the employee is supposed to be his Salary/Wages.
6) Any other facility in terms of cash like Bonus, Leave encashment, Overtime, Travel concession, Gratuity, etc., is not counted as a part of salary, so it is not included for the purpose of PF amount deduction.
7) Now, very soon PF dept. may issue a login password for self-generation of UAN by the employer.
Regards,
V.K. JOSHI
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For the purpose of PF amount deduction, it should be clear that:
1) PF is deducted at the rate of 12% of the Basic salary + DA.
2) Basic Salary should not be less than Minimum Wages granted by the state government.
3) Any employee can ask his employer to deduct more amount as per his wish to contribute with PF deduction as VPF.
4) No share will be made by the employer over VPF.
5) The amount decided and agreed by the employee is supposed to be his Salary/Wages.
6) Any other facility in terms of cash like Bonus, Leave encashment, Overtime, Travel concession, Gratuity, etc., is not counted as a part of salary, so it is not included for the purpose of PF amount deduction.
7) Now, very soon PF dept. may issue a login password for self-generation of UAN by the employer.
Regards,
V.K. JOSHI
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls