Suni HR
Dear Members, can anyone suggest new calculations of PF? As per my knowledge Supreme court given a PF deductions will happen on Basic + Special allowance. what are the other components that we can add to our salary sheet to reduce the PF deductions?
From India, Chennai
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durgaprasad-rajavarapu
1

Dear Suni,
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


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