Hi all,
My Gross Salary is 20,000 and my basic salary on 9,000 which was there on my payslip. As per discussion with my HR, both Employee and Employer contribution is deducted from Gross salary.
So as per above conditions, they are deducting around 3850 Rs from my Salary. Employee Contribution is 12% of basic Salary and Employer Contribution also 12% of basic Salary.
so now my question,
Employee contribution = 12% of 9000 = 1080
Employer contribution = 12% of 9000 = 1080
Total = 2160 PF
But they are deducting 3850 from our salary.
Please let me know which is correct 2160 Rs or 3850 Rs
thanks & Regards,
Praveen
My Gross Salary is 20,000 and my basic salary on 9,000 which was there on my payslip. As per discussion with my HR, both Employee and Employer contribution is deducted from Gross salary.
So as per above conditions, they are deducting around 3850 Rs from my Salary. Employee Contribution is 12% of basic Salary and Employer Contribution also 12% of basic Salary.
so now my question,
Employee contribution = 12% of 9000 = 1080
Employer contribution = 12% of 9000 = 1080
Total = 2160 PF
But they are deducting 3850 from our salary.
Please let me know which is correct 2160 Rs or 3850 Rs
thanks & Regards,
Praveen