Providend Fund Calculation - Xls Download - CiteHR
Freelancer In Hr &indirect Taxes For
Hr Personnel Manager
Assistant Engineer, Indian Telephone Industries,
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Hi folks....
Am new to cite hr...
Can anyone help me out with pf calculation? I referred many of your is calculated as 12% of basic right...but in some post i found 780/- random anyone pls clear my doubt

The ceiling for PF deduction is on Rs. 6500/- i.e. till 6500 basic it is mandatory to deduct PF on lesser or equal to 6500 basic.
and 12% of 6500 is 780. Therefore at times it is 12% and at times (when basic is 6500 or basic is higher, but on the mutual consent of employer or employee it is decided to deduct on 6500 basic) the PF amount is 780.
I hope am able to clear your doubts.

The statutory obligation for EPF contribution is upto Rs. 780 only. But if the employee and employer wish, this can be enhanced in compliance with the consent of the Regional PF Commissioner.
Gratuity is not connected with EPF. For gratuity, 5 years' service (commencing from join date) is required. For Income Tax exemption on PF, 5 years service in PF is required.
Here is the break up for Pf Calculation,
PF is Calculated on basic & DA as under
Employer contribution - 13.61%( Break Up - EPF-3.67%,FPS -8.33%,admin charges -1.1%,Edli -0.5% Admin Charges on Edli -0.01%).
Employee Contribution - 12 % (Break up -EPF -12%).
The higher limit for pf deductions is 6500/- and therefore above this limit deduction of pf is optional for employee but with the consent of employer & Pf Authorities
Thanks and warm regards,

Dear users Please find herewith attached file of pf calculation sheet Thanks

Attached Files
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File Type: xls pf interst calculation new.xls (13.0 KB, 409 views)

Dear Deol
There is such rule or enactment to calculate the TaA and HRA.
Its depend upon the completely company policy.
mostly hra is 40 to 60 % of basic.
and travelling allowance 20 to 30 % of basic.
but you can set it as your company policy. as i said above you are restricted by any enactment regarding ta and hra.

Dear All seniors,
Can contract labours make a union?.. (not completd 240 days )...?If yes ,pls support with any notification or let me know the book where it is published ...or give me some written references.
Pls cooperate.
Devendra Deshpande

Dear All seniors
can contract labours make a union?.. (not completd 240 days )...?If yes ,pls support with any notification or let me know the book wher it is published ...
Pls cooperate
Devendra Deshpande

Statutory obligation on PF contribution is upto a salary of Rs. 6500. i.e. If the salary is Rs. 6500 and above, the contribution will be uniform @ 6500x12% = 780.
Note : If employer and employee wish, the contribution can be at higher salary as well as higher rates.

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