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Rijo Pappachan
Member
October 1, 2014 at 04:31
Post count: 92
#20137

Hi Bobby,

If you want, you can limit the PF wages to 15000 using the PF Wages formula. But according to the new rule, if PF wages crosses 15000 and if employee joins PF later than Sep 1, 2014 then EPS should be zero. For this rule to work, you shouldn't limit the PF wages to 15000.

Regards,
Rijo