Queries
Anku9 3
Hello All,
I am working in an IT company, we have just enrolled for PF, wanted to know of what percentage should I keep basic+DA of the CTC.
In my previous company we used to consider :
- 35-50% as basic+DA
- 40% of basic as HRA
- 12 % of basic as PF+DA (employer contribution)
- Rest the components proportionally
Now the PF agent of my current company is asking to take minimum 50% of CTC as Basic+DA for PF computation.
Please let me know can I consider 35% of CTC as basic Pay+DA for calculating PF.
3rd February 2017

PARTICIPATING IN DISCUSSION:
Glidor
Hr Consultant
+1 Other

Pf enforcement officers observe a standard of 50% of Total Salary as Basic + DA. There is a circular to this effect also. You can ask your enforcement officer for this circular.
3rd February 2017 From India, Kolkata

Glidor 329
what is meant by the term "rest of components" except Conveyance Allowance ( IT ceiling 1600 pm) , Children Education Allowance (maximum 100 pm for two children) and medical insurance, what else is there which should not be part of basic?
3rd February 2017

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