How to do PF Calculations ? - basic pay.. CiteHR
CiteHRCiteHR
 
HOME RISE NEW TEAM →|
Home > CiteHR > New To The Forum?

muralee.raj Started The Discussion:

hi all,this is murali,working in a logitics company in nagpu.. how do we calculate PF,GRATUITY ?Please let me know :)

prerna.05 -  Member Since: Feb 2008
Employee’s contribution to PF = 12% of Basic Salary subject to a maximum of Rs.780/- per month.
Employer’s contribution to PF = 12% of Basic Salary subject to a maximum of Rs.780/- per month.

12 % Employer contribution is segregated in to 2 parts

8.33 % in Pension
3.67% in PF

But Employees contribution of 12 % each month goes to PF.


Gratuity calculation = Monthly Salary * 15/26 * number of years of service
Maximum amount payable under the act is Rs. 3,50,000 (w.e.f. 24/9/1997)

regards,
prerna

tiru.diddi -  Member Since: Aug 2010
if the employee wants to with draw the pf amount on or before 9 yrs, then what is the amount he is going to get, how the calculation will be done. Do the employee get any interest on pf amount.

sarathibbsr -  Member Since: Nov 2009
hello every body this is partha sarathi mishra has completed my mba in hr now i am looking for a hr generalist job, for this i want to know some basic things regarding how to fix a basic pay, calculation of pf,esi bonus and gratuity,
if some one could help me i will be obliged
thank you




 
 
 
 





POSTING RULES OF CONDUCT
  • Do not post anything derogatory about any company or person.
  • Sharing articles from other websites should be done by posting a link to the original article.
  • To discuss sensitive issues create a pseudo/anonymous account.
  • Please avoid repeat posting your company profile - such accounts are removed automatically.
  • Found This Useful? +Vote Up This Via Google.  

    Why Vote? User validation is extremely important for good content to prosper.
    Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.



    3M Users, 100K+ Documents & 450K+ Discussions

    Share »


    Cite.Co helps people come together to solve each other's problems on all aspects of professional life.
    Community Support & Professional Insights. Login or Register.
    Email/Username    
    Password  

    About Us - Advertise - Contact Us - RSS   On Google+  
    All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
    Privacy Policy | Disclaimer | Terms Of Service
    Facebook Page | Follow Us On Twitter | Linkedin Network