Partner - Risk Management

PRIME SPONSOR - FACTOHR - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS. Explore Features
Hi, Am Ganesh, in my company, people are getting 8000 to 30000PM, as take home, now we would like to deduct PF on salary, pls suggest how to calculate the same 8000 to 30000( multiples of 1000/-)
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Dear Mr.Ganesh You have to deduct the PF according to their basic salary. In some companies they will deduct for total salary. You have to recover the same formula. regards HR Alphonse 9443625359
You are required to deduct 12% of basic and DA from the salary. Gross salary or take home does not matter.
If the salary (basic and DA only) of the person exceeds ₹15000, then PF deduction will be 12% of ₹15000 only
You will also need to pay an equal amount out of the company funds to the PF department as employers contribution
PRIME SPONSOR - TALENTEDGE "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA. View Courses
Add Reply Start A New Discussion

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™