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PF Calcution

Hi Friends,

For few employees PF should be calculated on 40 % of Basic pay.

Example : Basic Pay = 10,000/-

PF = 12 % of 4,000 (40% of 10,000)

= 480/-

Can any one give solution for this.

Thanks in advance

Regards

Former Member
Former Member replied

IS IT POSSIBLE

if all these kind of employees belongs to one group or subgroup

create one wage type which is the 40% of basic wage type

and try to calculate PF on this wagetype.

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