Good Evening,
Seniors kindly guide me in calculation of PF. Should we take special allowance and food all. consideration for PF calculation if his salary break up is :
Basic - 4000
Medical - 1250
Conveyance - 800
CCA - 600
Food Allowance - 500
Special All. - 850
His PF contribution is - Rs. 4000X12% = 480/- or 5350X12%=642/- which one is correct. I have heard that MP has declared we need to take Spl. All also for PF calculation now on words, is it true?
Thanks & Regards,
sheela
Seniors kindly guide me in calculation of PF. Should we take special allowance and food all. consideration for PF calculation if his salary break up is :
Basic - 4000
Medical - 1250
Conveyance - 800
CCA - 600
Food Allowance - 500
Special All. - 850
His PF contribution is - Rs. 4000X12% = 480/- or 5350X12%=642/- which one is correct. I have heard that MP has declared we need to take Spl. All also for PF calculation now on words, is it true?
Thanks & Regards,
sheela