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Dear members, As of now, we are deducting PF on basic whether it is Rs.15000 or Rs.50000. We want to bring a change in the structure for new joiners that wherever the basic salary > 15000 we will deduct 12% at 15000 only. Seen this in most of the salary slips of other organisations.
Please suggest.
From India, Delhi
Please suggest.
From India, Delhi
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#Listed In: basic salary compensation benefit pf deductions pf deduction Country-India City-India-Delhi
Formula use in excell for the deductions of PF and ESI in the salary.xls
Basic 4 pf.pdf
