a) What should be the Percentage of HRA? & b) As per new PF rule PF deduct on LTA ?

jackin-mathis

Hi Team,
1) My Salary is 14000. Basic - 5000, HRA - 5000, LTA - 2000, Children Education Allowance - 500, Medical Allowance - 1500, Conveyance - 1000.....is this package looks fine?
2) As per new PF rule as per above package PF should be deducted on 5000 ( basic) or 10000 ( basic + LTA + CEA + Medical + Convy ) ?
Regards,
Jack
22nd May 2019 From India

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Ravi5554

Asst.manager -hr

Muruganhr

Assistant Manager Hr

+1 Other

jackin-mathis

Hi All, I am looking for answer, can anyone reply me please? Regards. Jack
23rd May 2019 From India

ravi5554

427

Dear Friend, Your PF will deduct on all allowances except HRA, as per your inputs PF deducts on 10,000.
23rd May 2019 From India, Mumbai

muruganhr

hi Pf should deduct all allowance except HRA, So you can deduct Basic + all allowance*12% for epf deduction........
23rd May 2019 From India,

jackin-mathis

Hi Ravi & Murugan,
1) Sorry so say but still you don't know the correct answer still you replied - Correct reply is - On all these allowances - ( BONUS ALLOWANCE, VARIABLE PAY, GIFT VOUCHER, EDUCATION ALLOWANCE,CHILD HOSTEL ALLOWANCE, SUPERNATION ALLOWANCE, LTA REIMBURSEMENT, MEAL REIMBUSMENT ) PF will not be applicable
2) I asked two question point wise but you guys replied in one liner. If Basic and HRA are same is that okay?
Looking for expert replies.
Thanks,
Jacn
23rd May 2019 From India

jackin-mathis

Hi Team, Can anyone reply me please? Thanks!
24th May 2019 From India

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a) What should be the Percentage of HRA? & b) As per new PF rule PF deduct on LTA ?

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