Could you provide some guidance on how to calculate the provident fund contribution? I am interested in understanding whether this calculation is based solely on basic wages, or if it extends to include other allowances where applicable.
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Method of calculation of wages.doc
SALARY SHEET CALCULATION.xls
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(Fact Checked)-Your understanding is correct. Provident fund contributions are calculated on basic wages and, where applicable, other allowances too. Keep learning! (1 Acknowledge point)