Hello Seniors, I want to ask a question if One has a Salary of Rs.20,000/- then how much PF will be deducted for the same.
From India, Mumbai
1From India, Mumbai
Dear bhavesh, PF is also calculated on the basic+DA. The employer contributes 13.61% on the basic+DA and the employee contributes 12% on the basic+DA. Chitra
From India, Bangalore
From India, Bangalore
For any employee who salary is about Rs.15,000, PPF will be deducted from his salary only up to Rs.15,000. Therefore you need to compute PF at 15000 x 12% and deduct from salary
In addition the employer need to contribute the same amount and also pay an admin fee of 1.1%
From India, Mumbai
In addition the employer need to contribute the same amount and also pay an admin fee of 1.1%
From India, Mumbai
@Chitra Kaushik,
if i am not mistaken, Administration charges for PF (A/C no.2) would be now 0.85% instead of 1.10%, and by this way Total contribution from employer side would be 13.36% ..
kindly confirm the same..
Thanks & Regards
From India, Mumbai
if i am not mistaken, Administration charges for PF (A/C no.2) would be now 0.85% instead of 1.10%, and by this way Total contribution from employer side would be 13.36% ..
kindly confirm the same..
Thanks & Regards
From India, Mumbai
Hi Seniors,
Wanted to ask, in case of new joinee and absenteeism how PF will be deducted for those whose PF deduction is Rs.1800/-PM for gross salary equal and above Rs.15000/-
Thanks & Regards,
Hetal
From India, Mumbai
Wanted to ask, in case of new joinee and absenteeism how PF will be deducted for those whose PF deduction is Rs.1800/-PM for gross salary equal and above Rs.15000/-
Thanks & Regards,
Hetal
From India, Mumbai
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