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PF & ESI Proration on LOP

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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


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