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Search for "Pf Deduction Applicable Basic Salary Rs 10000p"


Pf deduction
Hi i have gone through several discussions and found that: 1. pf is deducted 12 of the basic salary da. ex: if the basic salary is 6500 of any employee his pf deduction would be 780 right ? 2. but if basic salary is more than 6500 let s say rs.22750/ then what would be his/her pf deduction ?? ex: 22750 x 12 2730/ now what i want to know is that my second calculation is correct or not ?? or rs. 780/ is fixed for those who are drawing more than bs 6500/. is there any rule that rs. 780/ is maximum amount that can be deducted as pf deduction ??
Basic salary + hra
Hello cite hr member my basic salary constitues rs. 8000/ my hra is 50 of basic rs. 400/ conveyance allowance is rs. 800/ and ad hoc allowance is rs. 13780/. my deduction of pt comes to rs. 200/ what would be my deduction of pf in above case. please help me in the above query. thanks.
Pf applicability in following cases
Dear friends pls guide me in following cases if the co. has 21 employees having basic salary of rs. 7500/ each p.m. than whether pf will be applicable to it? if the co. has 21 employees having basic salary of rs. 6500/ each p.m. than whether pf will be applicable to it? if the co. has 19 employees having basic salary of rs. 6400/ each p.m. and 2 employees having basic salary of rs. 10000 p.m. each than whether pf will be applicable to it? if the co. has 21 employees having basic salary of rs. 7500/ each p.m. and if pf is applicable to it than whether it will be calculated on 6500 or on 7500 limit? pls guide me thanks in advance deepak vasani
Pf clarification
Dear all hi everybody i too would like to clarify few of the points related to pf: 1for those employees whose basic salary is more than rs 6500 few companies state way extempt them from pf what should be the legal way of the same. though he would have opt for pf but he is now not getting the same. 2 secondly now any employees whose basic is more than rs 6500 for instance rs 10000 what should be his deduction. please find below the deduction and state which is correct basic rs 10000 a pf deducted from the employee: rs 1200/ pf deducted from the employer: rs 1200/of which rs 541 would go to pension and the remaining to his account 1200541 or a pf deducted from the employee: rs 780/ pf deducted from the employer: rs 780/ please clarify. 3 as per the act what i know is that 1.61 of the pf charges is to be borne by the employer. should the same be taken into account while calculating the ctc or not . 4 if any employee whose basic is above rs 6500/ is there any legal binding that the company will deduct only rs 780/ from his salary as pf deduction and not the original binding. please do reply soon daya
Urgent query on pf deduction
Dear seniors if an employee has a gross salary of rs. 40000 and basic is rs. 20000 the pf salary is considered as the ceiling wage of rs. 15000 so that his every month deduction is rs. 1800. in a given month he worked only for 15 days and rest of the month are lop. so his gross salary is rs. 20000 and basic is rs. 10000. how the pf is calculated? is it constant amount of rs. 1800 or rs. 1200 12 of rs. 10000? please guide me....
Pf deduction as per the new circular
Dear all as per the new pf notification now employees who are getting a basic pay or rs. 15000/ would be covered by pf contribution. earlier this limit was rs. 6500/ in such a case how to treat the pf deduction. suppose we were giving a ctc is 3.12 lpa and monthly take home after deduction is rs. 25000/ and her basic is rs. 12000/ earlier she was not covered under pf so there was no deduction for that. but now we need to deduct pf from her salary.she has been with the company past 2 years. can we deduct both the shares employee and employer from her salary as we have mentioned rs. 25000/ as her ctc in the appointment letter. how are such employees will be treated in your company ? employees will take the burden of the deduction both shares or one share or the entire amount will be borne by the company ? kindly suggest. thanks jagriti