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    <title>Calculation of EPF</title>
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    <description>When a basic salary is revised retrospectively, compute the current-month PF contribution as min(current basic, salary cap) x contribution rate; compute the arrear adjustment as min(revised prior-month basic, salary cap) x contribution rate minus PF already deducted for that prior month; then add the arrear adjustment to the current-month contribution, thereby respecting the monthly salary cap while reconciling retroactive liabilities.</description>
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      <title>Calculation of EPF</title>
      <link>https://www.taxtmi.com/forum/issue?id=3413</link>
      <description>When a basic salary is revised retrospectively, compute the current-month PF contribution as min(current basic, salary cap) x contribution rate; compute the arrear adjustment as min(revised prior-month basic, salary cap) x contribution rate minus PF already deducted for that prior month; then add the arrear adjustment to the current-month contribution, thereby respecting the monthly salary cap while reconciling retroactive liabilities.</description>
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      <law>Indian Laws</law>
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