Hi folks, can I know how the PF deductions can be done for a salary of 20,000 per month? Will these deductions vary from company to company?
Basic Deductions According to Salary Package
May I know the basic deductions according to the salary package? Is there a classification of deductions based on salary for all employers?
Thank you.
From United States, Cambridge
Acknowledge(0)
Amend(0)
Basic Deductions According to Salary Package
May I know the basic deductions according to the salary package? Is there a classification of deductions based on salary for all employers?
Thank you.
From United States, Cambridge
Acknowledge(0)Amend(0)
PF is deducted on Basic + DA at 12%. Most companies also opt for the clause where they restrict the Basic at Rs. 6500/-, so irrespective of the basic, the PF would be Rs. 780. As the salary breakup varies from company to company, the Basic will be different, and so the calculation of PF.
Hope this answers your query.
Regards, AAT
From India, Mumbai
Acknowledge(0)Amend(0)
274Hope this answers your query.
Regards, AAT
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Salary Sheet & PF PT Calculation & Challan.xls
PF ON LEAVE SALARY.jpg