NAVIN KUMAR TULSYAN (PROFESSION) (39 Points)
09 June 2011An employee received salary in april,11 @ 5500/- basic salary and deposit the PF660/-. in the month of may compay increase the salary to 7000/- p.m. basic w.e.f. 01.04.2011. Company limit the PF deduction up to 6500/-basic salary.
in the month of may whether we deduct PF on6500/- or on 7500/- (6500/- for may + 1000/- on basic arrear of april).
please clarify ASAP.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 14 June 2011
if the arrear is passed in pay register, then PF would be deducted on 1000/- otherwise not
CAclubindia
