My CTC is 5,24,000 (52000 Mnthy)
Total Days : 31.00 (October)
LOP (Loss of Pay) : 0.50
Work days : 31.00
Effective Work days : 30.50
These all are according to 30.5 days.
I am contributing minimum pf of 12% which is 1800, which was 780 earlier.
30.5 days salary is 51161 and 40% basic is 20465. what I suppose, me an my employer ( contributing 1800 monthly (12% of 15000) which is 3600. But still there is some unclear amount is deducted.
20465+10232+787+10478+7010 = 48972 - 51161 = 2189 - EMPLOYER PF contribution 1800 ( 2189 - 1800) = 389 why this extra money has been deducted.
I want to know how much is my employer contribution in pf and how this other allowance is calculated. I thought the amount left after basic, HRA, conveyance and FBP is considered as Other allowance?
please help me to understand this calculation I am little confused now.
BASIC 20465.00
HRA 10232.00
CONVEYANCE 787.00
TAXABLE FBP 10478.00
OTHER ALLOWANCE 7010.00
Deductions:
LABOUR WELFARE FUND 10.00
PF 1771.00
Total Earnings : Rs. 48972.00
Total Deductions : Rs. 1781.00
Net Pay : Rs. 47191.00
Total Days : 31.00 (October)
LOP (Loss of Pay) : 0.50
Work days : 31.00
Effective Work days : 30.50
These all are according to 30.5 days.
I am contributing minimum pf of 12% which is 1800, which was 780 earlier.
30.5 days salary is 51161 and 40% basic is 20465. what I suppose, me an my employer ( contributing 1800 monthly (12% of 15000) which is 3600. But still there is some unclear amount is deducted.
20465+10232+787+10478+7010 = 48972 - 51161 = 2189 - EMPLOYER PF contribution 1800 ( 2189 - 1800) = 389 why this extra money has been deducted.
I want to know how much is my employer contribution in pf and how this other allowance is calculated. I thought the amount left after basic, HRA, conveyance and FBP is considered as Other allowance?
please help me to understand this calculation I am little confused now.
BASIC 20465.00
HRA 10232.00
CONVEYANCE 787.00
TAXABLE FBP 10478.00
OTHER ALLOWANCE 7010.00
Deductions:
LABOUR WELFARE FUND 10.00
PF 1771.00
Total Earnings : Rs. 48972.00
Total Deductions : Rs. 1781.00
Net Pay : Rs. 47191.00