Dear All,
i am getting some problam with PF Deduction
if Mr A,s earned Basic salary is in July month --3000rs so how we will calculate the PF deduction
on 3000*12/100 PF Amount 360
OR
6500*worked days/working days*12% =251 PF Amount
i am talking if somebody has less then 6500 rs earned basic so can we take that amount total earned amount or anything else
From India, Bangalore
12i am getting some problam with PF Deduction
if Mr A,s earned Basic salary is in July month --3000rs so how we will calculate the PF deduction
on 3000*12/100 PF Amount 360
OR
6500*worked days/working days*12% =251 PF Amount
i am talking if somebody has less then 6500 rs earned basic so can we take that amount total earned amount or anything else
From India, Bangalore
Dear Member,
PF contribution applicable on earned basic+DA(if any) @ 12%
Further;
It should be considered while making breakup salay, Basic+DA should comes below Minimum wages applicable for specified grade employee.
Ex- A's Basic+DA is 4500 for a month and worked for 28 days then Rs. 4200 will be treated for calculation of PF contribution. N PF will be Rs. 504.
From India, Gurgaon
PF contribution applicable on earned basic+DA(if any) @ 12%
Further;
It should be considered while making breakup salay, Basic+DA should comes below Minimum wages applicable for specified grade employee.
Ex- A's Basic+DA is 4500 for a month and worked for 28 days then Rs. 4200 will be treated for calculation of PF contribution. N PF will be Rs. 504.
From India, Gurgaon
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