roy_5887 Started The Discussion:I want to know, if the basic pay of an employee is Rs.7500/- In this case 12% employer share is Rs.900/- and the break up should be Rs.541/- under Pension fund(6500 x 8.33%) & balance Rs.359/- under provident fund(900-541) or the percentage formula 8.33% & 3.67% of Rs.7500/- should apply. Which one is the correct way.
Posted 20th April 2011 From India, Delhi
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