I have a query regarding PF - Provident Fund. Please correct me if I am wrong.
Generally PF is calculated @12% of Basic salary of Employee. Also Employer PF is calculated @12% of Basic.
Is Employee PF is deducted OR Employer PF is deducted OR Both PFs are dedected from the salary??
Is that necessary to calculate Employer PF and Employee PF?? For whom
it is applicable.
If so please give the salary structure for a guy earning 10000/- CTC per month.
Taking Basic,HRA,Allowances,Deductions,PF(Employer & employee),PT(100/-) into consideration.
Also what exactly is the difference between CTC and Gross. And the take home(net).
5th December 2007 From India, Pune
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