Dear Expert,
LIC premium deducted from an employees salary Rs 654
PF contribution Rs 2342 & VPF Contribution Rs 2342. So chapter VI amount should be
64056. But it displays amount Rs 64710 when I run payroll for current period(01,2013). It means it projected LIC amount for 13 months & When I run payroll for period 02, 2013 it shows Chapter VI amount 69394. Means It projected 13 months LIC amount as well as 13 months PF & VPF amount. I am total confused from result. Please help me with your suitable answer.
Thanks & Regards