Dear Experts ,
I have read almost all threads but did not get any specif thread relating to my requirement. hence need your help once again.
We maintain PF Basis in IT 587 , there fore , if an EE has Basic :10000 , VDA : 2000 and DA : 700, PF will be calculated 12% on this total
i.e 12700 * 12% = 1500
There fore, if EE takes LWP for one day , then PF shud be calculated on the reduced value of these 3 components i.e 12700 / 26* 1(LWP) = 489
12700 - 489 = 12211 hence PF shud be on 12211
Same funda applies to ESI too .. however ESI has some more allowance in its calculations .
I dont think so , User EXit is the solution , coz it is only for pension , that is what most of you have mentioned .
Please help its urgent ,
Thanks in Advance
Arun