I need clarification about PF contribution for employee and employer share of Rs.30000/-(Gross Salary) here i mentioned my calculation kindly explain me it is correct or not
Total employees in our company 35
Basis Total - Non-Pf 13000 +PF 5000 + HRA 6000 + All allowances 6000 = Rs.30000/- EPF 12% @ 5000 = Rs.600 (Employee contribution) Net salary Rs.29400/-(it's correct or wrong if wrong kindly explain me)
From India, Chennai
Dear Karthi, PF deducted on basic salary not on gross salary Now its limit is Rs25000. With Regards Sunil
From India, New Delhi
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