PF Cuttings

karuna kumari
HI folks..,
Can I know how the pf cuttings can be done for 20,000 salary per month??is this cuttings will be different from company to company??
may I know basic cuttings according to package??? is there any such classification of cuttings according to sal for all the employers???
Ashutosh Thakre
HI,
PF is deducted on Basic+DA at 12%. Most companies also opt for the clause where the restrict the Basic at Rs.6500/-, so irrespective of the basic the PF would be Rs. 780/-. As the salary beak up varies from company to company, the Basic will be different and so the calculation of PF.
Hope this answers your query.
Regards,
AAT
malay.kumar1
Dear Karuna Kumari,
Pf deducted on Basic+DA and the contribution rate is 12%. as per your query PF deduction on 20000 it depends on company. In India some companies deducted only Rs. 780 and Some companies deducting 12% on Basic+DA.
With Regards
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute