Dear Friends,
Pls help me figure out the details of PF calculation.
If the employee is earning more than Rs. 6500 it is 12% employee + 12% employer + 1% admin =25% of basic+Stipend+arrears
If the employee is earning less than Rs. 6500 employer pays 12% but employee is not bound to pay.
Is it so?
How much is deducted from employee's salary?
Pls help!
Regards,
Abhipsa
Pls help me figure out the details of PF calculation.
If the employee is earning more than Rs. 6500 it is 12% employee + 12% employer + 1% admin =25% of basic+Stipend+arrears
If the employee is earning less than Rs. 6500 employer pays 12% but employee is not bound to pay.
Is it so?
How much is deducted from employee's salary?
Pls help!
Regards,
Abhipsa