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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
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
PF deducted on basic salary not on gross salary
Now its limit is Rs25000.
With Regards
Sunil
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Listed Under employer contribution basic salary net salary pf contribution Country-India City-India-Chennai
PF Contribution on not less than Minimum Wage.pdf
