PF calculation based on Gross Salary
Following is our requirement for PF.
1) Anybody whose Gross salary <6000 PM, only employee contribution to be deduct I,e 12% of Basic Salary.
2) Gross Salary >6000 PM, both contribution to be deducted from the employee, I,e 24 % of Basic Salary
3) Above basic salary Rs. 6500, PF is optional.
4) The Maximum basic salary ceiling for plant is Rs. 6500 I,e – 780 PM (12% of Basic)
Let me explain the requirement more clearly, our 1st requirement came reg. PF was to deduct both EE + ER's contribution i.e. 12+12=24% from employees' gross, which has been achieved so far by making /3F1 deductible from gross. Now the requirement has been little modified as stated above, like for emps whose gross<6500, for them only 12% needs to be deducted not 24%, i.e. for them normal PF configuration will be applicable. Now there I'm facing the issue since I already made /3F1 deductible from gross. Now how-come I differentiate ER PF contribution based on gross and personnel area.
Please someone helps me in this regard.
Do I need any enhancement or user-exit.
Please anyone help me resolve.