One of our employees has taken more leave, so two days are NCP for him. His PF salary will be reduced from ₹15,000 to ₹14,032. Do we need to mention his gross salary after subtracting the salary for two days?
From India, Delhi
Acknowledge(0)
Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
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 Rs 14032 with 29 days as days worked or 2 NCPs.
From India, Kannur
Acknowledge(0)Amend(0)
4769From India, Kannur
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Circular Dated 28-10-2016 for settlement of PF Death Case Claims within 7 days.pdf