X an employee drawing basic salry is 5400/- for April 2009 (Days in a month 30) bu he worked 35 days, how you will calculate basic salary for calculating EPF?
4 Replies
Shekar
(CA & LCS )
(1109 Points)
Replied 01 June 2009
Hi Suresh,
If Basic of Rs.5400 is for 30 days, calculate for 35 days.
5400*35/30 = Rs.6300 and calaculate EPF on this basic
RAMANJU
(here to updating the knowledge)
(485 Points)
Replied 01 June 2009
what a cross query ya!!!!!!!
Ankit Madhogarhia
(Pursuing Final)
(531 Points)
Replied 01 June 2009
HI Sir ,
Its very simple the employee is getting RS 5400 for 30days it means for one day 5400/30-180.the employee is getting 180 rs per day & he work for 35 days .
Basic Salary = No of days worked*salary per day.
i.e 35*180=6300.
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