I am an employee of M/s. Palsons Derma Private Limited, confused about my PF deduction . As per my below mentioned salary structure what amount is deductible by the company .
Basic > Rs. 7908.00
HRA> Rs. 1977.00
Special Allowance >Rs.5551.00
My Gross Salary is Rs. 19119.00. Company is deducting my PF Rs. 949.00. (on basic @12%)
Is it correct? Kindly confirm.
15th March 2019 From India, Kolkata
As per your query, the deductible EPF amount should be on Basic wage only, so EPF contribution of Employee is Rs.949/- is correct. The same amount of contribution i.e. Rs.949/- employer should credit into your EPF account.
15th March 2019 From India, Hyderabad