hi
i nevr calculated pf practically......so plz help me in getting my basics correct
..saay if pf salry is 8000 (ie basic +da).
employees contribution @ 12% =960
now employers @ 12% i.e 8.33 towards pension fund =541 calculated upto max of 6500 ).
provident fund 3.67% =419 towards provident fund
dlif @ 0.5% calculated up to max of 6500 = 33
administrative charges =0.01% = 1
now heres :confused: what is central govt contribution towards pension fund
is it 1.10 or 1.16 % and is it calculated on actual salary or maximum upto 6500 ......just clarify and give me also a fig what would be in this case so i understandf it ina a proper way ,............
warm regards,
gaurav
i nevr calculated pf practically......so plz help me in getting my basics correct
..saay if pf salry is 8000 (ie basic +da).
employees contribution @ 12% =960
now employers @ 12% i.e 8.33 towards pension fund =541 calculated upto max of 6500 ).
provident fund 3.67% =419 towards provident fund
dlif @ 0.5% calculated up to max of 6500 = 33
administrative charges =0.01% = 1
now heres :confused: what is central govt contribution towards pension fund
is it 1.10 or 1.16 % and is it calculated on actual salary or maximum upto 6500 ......just clarify and give me also a fig what would be in this case so i understandf it ina a proper way ,............
warm regards,
gaurav