Understanding EPF Deductions: Which Allowances Can Help Reduce Your PF Contribution?

saketk20

Dear Sirs,

I want to know, in CTC breakup, which allowances should not be considered in EPF deduction? Suppose a person is getting 23,000.00 a month and wants to reduce PF deduction, what options should we have?

Kumaran Praveen

Hi,

You have to deduct PF contribution only from Basic+DA, so there is no question of which allowances you should consider or not.

With Regards,

Mr. Thumbs Up

Ashutosh Thakre

Dear SaketK,

Please refer to the attachment; this will help you understand it much better. The PF is based on Basic+DA+any retention amount (if applicable).

Regards,
Ashutosh Thakre

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