Dear Expert,
I need clarification about PF contributions for both the employee and employer shares of Rs. 30,000 (Gross Salary). Here, I have provided my calculations; kindly explain whether they are correct or not.
For Example, Total employees in our company: 35
Basis Total - Non-PF 13,000 + PF 5,000 + HRA 6,000 + All allowances 6,000 = Rs. 30,000
EPF 12% @ 5,000 = Rs. 600 (Employee contribution)
Net salary Rs. 29,400 (Please confirm if this is correct, or if not, kindly explain to me).
Regards,
Karthi
From India, Chennai
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I need clarification about PF contributions for both the employee and employer shares of Rs. 30,000 (Gross Salary). Here, I have provided my calculations; kindly explain whether they are correct or not.
For Example, Total employees in our company: 35
Basis Total - Non-PF 13,000 + PF 5,000 + HRA 6,000 + All allowances 6,000 = Rs. 30,000
EPF 12% @ 5,000 = Rs. 600 (Employee contribution)
Net salary Rs. 29,400 (Please confirm if this is correct, or if not, kindly explain to me).
Regards,
Karthi
From India, Chennai
Acknowledge(0)Amend(0)
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Salary Sheet & PF PT Calculation & Challan.xls