Hi Sir/ Madam, Please help , Do we need to calculate EPF 12% on Basic or do we need to calculate on Basic + Special Allowance.
Dear Suneel,
Except HRA, Gratuity and Bonus, All other components will be considered as Basic like Basic+DA, Conveyance, CCA, TPTALL and all special allowances is considered as Basic. We need to calculate on Basic + Special Allowances. Max limit is 15000/-.
Please find the below;
A/c No. 1: PF Contribution Account* 12.00 3.67
A/c No. 2: PF Admin Charges Account – 0.50
A/c No. 10: EPS Contribution Account – 8.33
A/c No. 21: EDLIS Contribution Account – 0.50
A/c No. 22: EDLIS Admin Charges Account – –
Total Contribution 12.00 13.00
Dear Suneel,
calculate EPF 12% on calculate on Basic + Special Allowance.
Brahmanand sharma
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.

Prime Sponsor: TALENTEDGE - Premium Professional Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™