Home Top New Follow Journal Login
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.

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.
From India, Kolkata
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?

Reply Here Start New Discussion

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2017 Cite.Co™