In my opinion pf is deducted from basic & DA but i want to ask that is it deducted from fooding & lodging or HRA. pl. clarify. thanks & Regards Manish
From India, Gurgaon
3From India, Gurgaon
Dear,
PF IS TOTALL DEDUCTED FROM THE BASIC ONLY.
I THING NOW YOU MIGHT NOT HAVE ANY DOUGHT.
eg:- COST TO COMPANY 10,000 --------- Now basic of it ,
Let us consider 60 % of the total CTC MONTHYLY = 6000
Now the Current basic for current salary is =6000 Rs Monthly
Hence the P.F What will be dudected will be the 12 % on the current basic which is 6000 BASIC
:- 6000 multiple 12 diveded by 100 = 720 Rs . current P.F
Now in this Individual if we break the Provedend Fund
Employees Contribution --------------- 12 % = 720
Employer 's Contribution -------------- 12 % =720
HEAR YOU ALL CONSIDER 6000 Rs as the basic .
Now the Break up of the P.F IS GIVEN DOWN
ADM – Administrative Charge
@ 1.1 % OF THE TOTAL BASIC FOR P.F ----- 66
EDLI Employee deposit link insurance
@ 0.5 % OF THE TOTAL BASIC FOR P.F ------- 30
ADM & EDLI
@ 0.01 of the total basic for the P.F ------- 0.60
Total Payable ===
If you understood the problem then give me the mail :-
Best Wishes to all of my HR Site Friends .
Best Regards
Pradeep Pandey ( HRD Manager )
From India, Mumbai
PF IS TOTALL DEDUCTED FROM THE BASIC ONLY.
I THING NOW YOU MIGHT NOT HAVE ANY DOUGHT.
eg:- COST TO COMPANY 10,000 --------- Now basic of it ,
Let us consider 60 % of the total CTC MONTHYLY = 6000
Now the Current basic for current salary is =6000 Rs Monthly
Hence the P.F What will be dudected will be the 12 % on the current basic which is 6000 BASIC
:- 6000 multiple 12 diveded by 100 = 720 Rs . current P.F
Now in this Individual if we break the Provedend Fund
Employees Contribution --------------- 12 % = 720
Employer 's Contribution -------------- 12 % =720
HEAR YOU ALL CONSIDER 6000 Rs as the basic .
Now the Break up of the P.F IS GIVEN DOWN
ADM – Administrative Charge
@ 1.1 % OF THE TOTAL BASIC FOR P.F ----- 66
EDLI Employee deposit link insurance
@ 0.5 % OF THE TOTAL BASIC FOR P.F ------- 30
ADM & EDLI
@ 0.01 of the total basic for the P.F ------- 0.60
Total Payable ===
If you understood the problem then give me the mail :-
Best Wishes to all of my HR Site Friends .
Best Regards
Pradeep Pandey ( HRD Manager )
From India, Mumbai
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