I have a query about deduction of PF amount
Is it deducted over basic Salary OR on gross salary.
Suppose an amount of Rs. 500/- is being deducted from the employees salary then How much amount will be deposited in the PF Account by Employer.
Will it be RS.500/- of employee and Rs. 500/- of Employer totaling to Rs. 1000/-.
Also please tell about the interest rate calculation on PF Amount if widrawn after one and half year.
regards
Janmejay Kumar
Jaipur
Is it deducted over basic Salary OR on gross salary.
Suppose an amount of Rs. 500/- is being deducted from the employees salary then How much amount will be deposited in the PF Account by Employer.
Will it be RS.500/- of employee and Rs. 500/- of Employer totaling to Rs. 1000/-.
Also please tell about the interest rate calculation on PF Amount if widrawn after one and half year.
regards
Janmejay Kumar
Jaipur