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 :)
Posted 25th February 2008 From India, Pune
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
Posted 12th September 2009 From India, New Delhi
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.
Posted 15th August 2010 From India, Bangalore
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
Posted 16th November 2010 From India, Bhubaneswar



 
 
 
 







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