Anonymous
1

The PF contribution is shown as a part of my CTC. I had availed LOP for 5 days and salary was reduced proportionately. Even the PF contribution was reduced proportionately depending on the days worked. [12% of Gross Salary was not considered] The details are as follows:
Description CTC Offered Salary Paid
No. of days 31.00 25.00
Basic 13,595 10,964
HRA 5,952 4,800
Special Allowance 169 136
LTA 380 306
Total 20,096 16,206
PF Contribution 1800 1,452
ESI Contribution 654 527
Monthly CTC 22,550 18,185
Please clarify if the PF contribution of Rs.1,452/- is correct.

From India, Bangalore

Use factoHR and automate your HR processes

Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.



nanu1953
278

PF contribution on Basic - 13,595 should be 1631 instead 1800/- per month. Actual earning for a particular month due to LOP Basic is 10,964 and PF contribution should be 1316 instead of 1452 as mentioned in the post.
Even adding Special allowance PF deduction will not be 1800. There is some anomaly in the data.
IF your actual Basic earning is less, PF contribution will also be less.
S K Bandyopadhyay ( Howrah, WB)
CEO-USD HR Solutions


From India, New Delhi

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.







About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2022 CiteHRŽ

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server