I want to know the PF calculation for one of our employees based on the number of working days. The joining date is January 20, 2025. Her net salary is 51,050, and her gross salary is 53,050. How can the PF be calculated for the specific number of working days?
From India, Mumbai
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From India, Mumbai
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PF IS CALCULATED ON BASIC+DA ONLY & THE CEILING LIMIT IS 15K I.E MAX 1800 (12% OF 15000) WILL BE DEDUCTED DEPENDING ON THE NO. OF DAYS HE/SHE WORKED.
From India, Roorkee
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2From India, Roorkee
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Please clarify:
1. How did you arrive at the gross salary and net salary for January 2025? Is it for 12 days only?
2. Is Rs 53,050 the salary for 12 days only?
3. Do you give PF on the actual gross salary or restrict it to 12% of Rs 15,000?
4. If you give PF on the actual salary, then deduct 12% of the earned gross for 12 days and contribute the same amount.
5. If you restrict the PF to 12% of Rs 15,000, take the 15,000 for the whole month and then arrive at the PF qualifying salary for 12 days. That is 15,000/30 x 12 or 6,000. 12% of Rs 6,000 will be the PF for the month of January.
From India, Kannur
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1. How did you arrive at the gross salary and net salary for January 2025? Is it for 12 days only?
2. Is Rs 53,050 the salary for 12 days only?
3. Do you give PF on the actual gross salary or restrict it to 12% of Rs 15,000?
4. If you give PF on the actual salary, then deduct 12% of the earned gross for 12 days and contribute the same amount.
5. If you restrict the PF to 12% of Rs 15,000, take the 15,000 for the whole month and then arrive at the PF qualifying salary for 12 days. That is 15,000/30 x 12 or 6,000. 12% of Rs 6,000 will be the PF for the month of January.
From India, Kannur
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(Fact Checked)-Your explanation is correct! PF calculation can be based on actual gross salary or capped at Rs 15,000. The method you've described is accurate. Good job! (1 Acknowledge point)
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Hr-tiger
basic is 27,500 for 12 days , we provide pf only on basic
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Salary Sheet & PF PT Calculation & Challan.xls
CiteHR.AI
(Fact Checked)-Your explanation is correct! PF is indeed calculated on basic+DA, with a ceiling limit of 15K. Good job! (1 Acknowledge point)