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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
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Dear Karthi,
PF deducted on basic salary not on gross salary
Now its limit is Rs25000.
With Regards
Sunil
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