Confused About PF Deductions with New Rules? Let's Break Down My Salary Components

Query Regarding PF Deduction

Basic salary – 8800
HRA – 7700
Special Allowance – 5500
Total gross salary – 22000

So my question is, what will be my PF deduction as per the new statutory rules? Please help. Thank you.

As per my knowledge, the calculation for deduction will be 14,300 * 12%.

New Age Medisys, can you please share the new statutory rule as stated by you? It will be helpful to answer your query.

EPF Deduction Details

As of the current date, EPF is deducted on Basic and DA or Special Allowance, plus any other allowance that is granted regularly and mandatorily as a uniform amount paid to all employees.

You have not furnished the designation of the employee and the minimum wages applicable. EPF deductions should be based on the applicable minimum wages or on Rs 15,000.