Dear Expert,
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
For Example,
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

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply →

About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 CiteHRô

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server