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Re: PF Calculation for mid joinee employee comes wrong from sap

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Hi,

 

System is calculating correctly, but we need to analyze properly okay.

No of days is 16 and No of days in a month is 30.

split month factor = No of days/ No of days in a month.

This split month factor will get multiply with 6500(PF basis).

In your case = 6500 * 16/30 = 34666.666 ~=3467(/3FA).

PF amount is calculating on this basis.

 

 

 

Regards,

Vijay Kumar


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