TaxTMI 
TaxTMI 
Calculation of EPF
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....alculation of EPF<br> Query (Issue) Started By: - Pradeep Kaushik Dated:- 20-9-2011 Last Reply Date:- 24-9-2011 Other Topics<br>Got 1 Reply<br>Indian Laws<br>Respected All, I have a doubt about Arrea....
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....r Calculations for PF. Pls. clarify the proper method of deduction in following case where PF Basic Salary restricted To Rs. 6500.00 - 1) In the month of Sept 2010 Employee Basic Salary - 6000.00 2) ....
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....Employee PF Deducted In Sept 2010 - Rs. 720.00 3) In The Month Of Oct 2010 Basic Salary Revised w.e.f. Sept 2010 - Rs. 8000.00 In The above given case what would be the deduction amount towards PF - ....
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.... Basic Salary in Oct 2010 - Rs. 8000.00 Basic Salary Arrear in Oct 2010 - Rs. 2000.00 1) Minimum of (Basic Salary+Basic Salary Arrears, 6500) *12% = min((8000+2000),6500)*12% = min(10000,6500)*12% = 6....
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....500*12% = Rs. 780.00 2) (min(Basic Salary For Oct 2010 Month,6500)*12%)+(min(Revised Basic Salary for Sept 2010,6500)*12% - PF Already Deducted in Sept 2010) =(min(8000,6500)*12%)+(min(8000,6500)*12%....
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....-720) = (6500*12%)+((6500*12%)-720) = 780+(780-720) = 780+60 = 840.00 Which one is the correct method? Pl. Suggest. Regards. Pradeep Kaushik Reply By KRISHNAN SURYANARAYANAN: The Reply: The second....
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.... set of calculations is correct.<br> Discussion Forum - Knowledge Sharing ....