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/-)
From India, Chennai
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From India, Chennai
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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
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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 the employer's contribution.
From India, Mumbai
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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 the employer's contribution.
From India, Mumbai
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