Thread Started by #suneel.bommena

Hi Sir/ Madam , Please suggest how to deduct EPF. Our employees salary is more than 25000 per month, Need to calculate on Basic + all Allowances - HRA or Only on Basic 12%.
22nd May 2019 From India, Hyderabad
Dear Friend,
Keep you basic capped at 15000 (including all allowances except HRA) and calculate @ 12%.
If your employee Baisc is more than 25,000 then your calculation will be capping @ 15000*12% =1800.
22nd May 2019 From India, Mumbai
Hi Ravi,
We are deducting on basic 12%(unrestricted ), so their is no capping of 15000.
effective new rule of judgement on EPF , should we deduct on Basic + All Allowances - HRA or
only on Basic 12%
Thanks
22nd May 2019 From India, Hyderabad
Dear Freind,
Basic+all allowances( except HRA) will consider for PF deduction of 12%.
22nd May 2019 From India, Mumbai
If the Basic is less than 15,000/- per month, then PF deduction will be on (Monthly gross -HRA) . But if Basic is 15,000/- or more per month no need to add all allowances except HRA as PF authority controls up to 15,000/- Basic per month.
If the Organization decides to pay on higher side PF Contribution, they may follow same formula for all.( Monthly gross -HRA).
Thanks & Regards,
S K Bandyopadhyay (Howrah, WB)
+91 98310 81531

22nd May 2019 From India, New Delhi
Reply (Add What You Know) Start 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 - 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™