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Provident Fund wrong calculation!

Dear Experts,

I am facing an issue where Provident fund calculation is happening on two components like on basic and performance allowance.

Instead of calculating PF (12%) on basic , system is calculating PF on basic as well as on performance allowance.

ex.

basic - 10000                                                  PF Contribution - 1440

performance allowance - 2000

System is calculating - PF deduction -1440{(10000+2000)*12%} ; where as I have to get only 1200{(10000*12%}.

Request you to help me on this issue with correct calculation, since I am joined as a fresher and working for first time.

Regards,

Ramesh Bhumipaka

8197737917 (Bangalore)

rameshbhumipaka@gmail.com

Former Member
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