Hi All,
CTC Components
My CTC components are Basic + HRA + Conveyance + Education Allowance + Personal Allowance + Performance Incentive (Fixed, not variable) + Travelling Allowance + Mobile Expenses = Gross Salary.
Bonus and PF Calculation
Bonus = 12-month Basic * 8.33%
PF = Basic * 12% (Employee as well as employer).
Confusion Regarding New PF Rules
I have some confusion regarding the new rule of PF. My confusions are as below:
1. If the basic is 15,000 & above, what would be the PF deduction for both employee & employer?
2. If the basic is less than 15,000 & gross salary is above 15,000, what would be the PF deduction for both employee & employer?
3. If both basic & gross salary are less than 15,000, what would be the PF deduction for both employee & employer?
Please help, there is too much confusion.
From India, Ahmedabad
CTC Components
My CTC components are Basic + HRA + Conveyance + Education Allowance + Personal Allowance + Performance Incentive (Fixed, not variable) + Travelling Allowance + Mobile Expenses = Gross Salary.
Bonus and PF Calculation
Bonus = 12-month Basic * 8.33%
PF = Basic * 12% (Employee as well as employer).
Confusion Regarding New PF Rules
I have some confusion regarding the new rule of PF. My confusions are as below:
1. If the basic is 15,000 & above, what would be the PF deduction for both employee & employer?
2. If the basic is less than 15,000 & gross salary is above 15,000, what would be the PF deduction for both employee & employer?
3. If both basic & gross salary are less than 15,000, what would be the PF deduction for both employee & employer?
Please help, there is too much confusion.
From India, Ahmedabad
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