Hi, I have a question regarding PF. For PF calculation, we consider 12% of basic + DA and the higher limit is Rs 1800 as PF contribution. But if the basic is less than Rs. 15,000 and 12% of basic is less than 1800, then do we consider PF gross, which is basic + DA + other allowance? If yes, what all is included in other allowance? Any help and answers are welcome.
Regards, Neelam
From India, Delhi
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Regards, Neelam
From India, Delhi
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Be remembered that EPF’s Calculation always done on Basic salary+ D.A or V.D.A whether employees basic are equal to ceiling limit Rs.15000/- or less. Regards, Amit
From India, Surat
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144From India, Surat
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Hi,
Please understand that you cannot have different procedures for different categories of employees. Secondly, PF will be contributed on Basic + DA only, and if this amount is below ₹15,000, then PF should be contributed on actuals. Additionally, you can contribute over and above the limit of ₹1,800 if the company management allows for the same.
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Please understand that you cannot have different procedures for different categories of employees. Secondly, PF will be contributed on Basic + DA only, and if this amount is below ₹15,000, then PF should be contributed on actuals. Additionally, you can contribute over and above the limit of ₹1,800 if the company management allows for the same.
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I want to know if PF deduction is capped at Rs. 15,000 and an employee worked only 20 days in a particular month. If his basic salary exceeds Rs. 15,000, then is PF calculated on Rs. 15,000 or do we have to proportionate Rs. 15,000 over 20 days?
From India, Delhi
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From India, Delhi
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you have to remit EPF Contribution on Rs10000/- @12% Calculated on Pro rata basis 15000/30X20
From India, New Delhi
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From India, New Delhi
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PROVIDENT FUND CALCULATION.xls
PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf