Thread Started by #karthi-sabari

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)
Regards,
Karthi
4th February 2019 From India, Chennai
Dear Karthi,
PF deducted on basic salary not on gross salary
Now its limit is Rs25000.
With Regards
Sunil
4th February 2019 From India, New Delhi
Reply (Add What You Know) Start New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2017 Cite.Co™