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 :)
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)

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.
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


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