Dear sir what wiil be the calculation , if pf salary is rs.7500/- p.m ? Regards sanjoy
From India, Durgapur
Assistant Manager Hr And Administration
Statutory Compliances
Personnel Management
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Dear Mr.Sanjay,
Irrespective of gross salary , PF will be calculated on basic salary. Untill basic salary of Rs.6,500 pf amount=12% on basic.
As pf is applicable for the employee who has basic salary equal or less than Rs.6,500, pf will be calculated as 12% on 6500 eventhough basic salary exceeds 6,500.
In your query, if basic salary is Rs.7,500 pf amount=Rs.780/-(12% on 6500)

From India, Pune

If your gross salary is Rs.7500/ , take 12%from your Basic salary, or if your basic is Rs.7500/ As per the act 12% from ceiling limit is Rs.6500/ beyond the employer interest can pay 12% from actual basic earned.
Good Evening

From India, Madras
plz elaborate ur question. if 7500 is a gross salary then pf deduction is 12 % of basic salary. if basic salary is Rs.7,500 pf amount=Rs.780/-(12% on 6500)
From India, Hyderabad
sharath Jayaram
Dear Hari sir,
Even i am in a newly started private organization and cannot able to give salary break up allowances to be provided for the company, employees for the different gross salary, and i have to create the medical,ESIC,PF, what percentage and how to get pf account for my company, should i consult chattered account or PF office, Please help me out. Sir how can we calculate if the salary exceeds 1 Lac, what will be the pf contribution from the employee as well as from the employer, please advise the salary break up and allowances i can give for the salary structure as it is new company. if u can give me the percentages of all the allowances n as well as the PF, please help me out as i am really tensed because as i have to start break up procedure from Jan 01 2011. this will be a grateful help to make my carrier in HR. what % allowances for the break up on gross salary. can u gimme the example with figure wise. please sir
Thanks n regards
Sharath Jayaram

From India, Mumbai
Dear Sharath,
Minimum Pf which has to be paid is Rs 360 Maximum can be any figure which depends on the organization. This information i got recently from an PF inspector who came to our company
Anand Mahendran

From India, Delhi

PF will be deducted from employee @12% on Basic + DA
and the same amount will be contributed by the employer.
If Basic + DA is > Rs. 6500/- it will depend on the company whether they will deduct Rs. 6500*12%=780 which is maximum PF salary or they deduct on full Baic + DA irrespective of amount.
Best Regards
Modi Ashok Kumar

From India, Bangalore
Contribution Towards Calculation Amount A/c Head
EPF EMPLOYEES SHARE 7500 X 12% 900 1
EPS EMPLOYER SHARE 6500 X 8.33% 541 10
EPF EMPLOYER SHARE 7500 X 12%(-) 541 359
EDLI CHARGES 6500 x 0.5% 32.5 21
EPF ADMIN CHARGES 6500 X 1.1% 71.5 2
EDLI ADMIN CHARGES 6500 X 0.01% 0.65 22
Employer is decided to contribute on total basic salary which is 12% on Rs.7500 equal to Rs.900.
EPS share is fixed to Rs.541/-
Balance (900-541) goes to EPF A/c Rs.395/-
Total Share Rs.900/-
Out of Rs.900 EPS Share is Rs.541/- which is fixed for a basic salary greater than Rs.6500/-. The balance amount is 900-541=359 which will go to EPF account.
You will think what about 3.67%? Here you dont need to care about it.

From India, Rajkot
Rahul Trivedi
Dear Sanjay,
You have been posted with various valuble replies even i would like to share my opinion about your query, as rightly said in the above replies by members that PF is calculated at 12% of basic salary again it is calculated at 1.75% of gross salary/month so....
If seniors can update me with their guidance in case my reply has some lacoonas I'll be grateful.
Happy New Year:)
Rahul Trivedi

From India, Hyderabad
Dear Seniors, Is it mandatory to Pay Employer Contribution if the Salary is more than Rs. 6,501/- Positively, Vimal. D
From India, Bangalore

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