kindly suggest At the time of provident fund calculation, what should be the basic of gross salary? For such gross salary 14000 / - how much basic should be.
From India, Nagpur
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From India, Nagpur
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For a salary of Rs 14,000 per month, the entire amount should go to PF, and even if you bifurcate it, you should consider the entire amount as PF qualifying salary. At least you should consider the statutory minimum wages fixed by the government for your industry or an industry related to yours. Every payment, like bonus, leave encashment, and gratuity at the time of discharge, is linked to the statutory minimum wages. Then why should you not put PF on that wage?
From India, Kannur
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4526From India, Kannur
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
Salary Sheet & PF PT Calculation & Challan.xls