Hi friends,
Please let me know the details in process of salary breakup.
Acc to law min 12% of PF should be contributed by employer as well as the employee. In payslip 12% deduction from the employee only is reflected.
a) Where will the employer contribution go?
b) How much % should be deposited in the PF account of an employee?
c) Whether 12% employee contribution & 12% employer contribution totally 24% should be deposited in the PF account?
Kindly help me with this.
Thanks in Advance.
Regards,
ArunStalin.K
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:icon10:
Please let me know the details in process of salary breakup.
Acc to law min 12% of PF should be contributed by employer as well as the employee. In payslip 12% deduction from the employee only is reflected.
a) Where will the employer contribution go?
b) How much % should be deposited in the PF account of an employee?
c) Whether 12% employee contribution & 12% employer contribution totally 24% should be deposited in the PF account?
Kindly help me with this.
Thanks in Advance.
Regards,
ArunStalin.K
[Login to view]
:icon10: