sanjoydas79
Dear sir what wiil be the calculation , if pf salary is rs.7500/- p.m ? Regards sanjoy
From India, Durgapur
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Seraj.loves
Assistant Manager Hr And Administration
Pushme80
Statutory Compliances
Koripallisrihari
Executive-hr
Anandhr22
Personnel Management
+3 Others

Use factoHR and automate your HR processes

Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.



koripallisrihari
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)
Regards,
SriHari.

From India, Pune
pushme80
1

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
Pushparaj

From India, Madras
seraj.loves
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
8082247215(mumbai)

From India, Mumbai
anandhr22
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
Regards
Anand Mahendran
Bangalore

From India, Delhi
ashok_modi1978
1

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
karadkar.ss
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....
1.75/100*7500=131.25.
If seniors can update me with their guidance in case my reply has some lacoonas I'll be grateful.
Happy New Year:)
Regards,
Rahul Trivedi

From India, Hyderabad
mariavimal27
Dear Seniors, Is it mandatory to Pay Employer Contribution if the Salary is more than Rs. 6,501/- Positively, Vimal. D
From India, Bangalore

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.








About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2022 CiteHRŽ

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server