Renold Edwin
Hi friends i have one query say if basic salary is 14500 . PF employee contribution is 14500 *12 /100 = 1740 &
PF employer contribution is 14500 * 13.61 /100 = 1973.45 . Friends Please reply whether this calculation is correct or Wrong

From India, Chennai
jeevarathnam
633

Hi If basic is 14500/- EE Contribution is 14500*12/100 = 1740/- ER Contribution is 14500*13.36/100 = 1937/- (Admin charges is revised to 0.85% and it is rounded off to nearest rupee)
From India, Bangalore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.