Dear Sir or Madam,
If a person has a basic salary of 8000, DA of 2000, HRA of 2000, and works for 20 days in the month of September, then the gross salary would be 9333. Could you please calculate the PF amount and explain the calculation method? Please solve this and provide an example to illustrate.
Thank you.
From India, Panipat
Acknowledge(0)
Amend(0)
If a person has a basic salary of 8000, DA of 2000, HRA of 2000, and works for 20 days in the month of September, then the gross salary would be 9333. Could you please calculate the PF amount and explain the calculation method? Please solve this and provide an example to illustrate.
Thank you.
From India, Panipat
Acknowledge(0)Amend(0)
651
Dear SK 4882937,
PF is deductible on earned Basic & DA. If an employee is drawing Basic Rs. 8,000 and DA Rs. 2,000 per month, then 20 days' salary for September would be 8000 + 2000 = 10,000 * 20 / 30 = 6,667 (Earned Basic & DA).
Thus, the PF contribution will be on Rs. 6,667 * 12 / 100 = Rs. 800.
Suresh
From India, Thane
Acknowledge(0)Amend(0)
PF is deductible on earned Basic & DA. If an employee is drawing Basic Rs. 8,000 and DA Rs. 2,000 per month, then 20 days' salary for September would be 8000 + 2000 = 10,000 * 20 / 30 = 6,667 (Earned Basic & DA).
Thus, the PF contribution will be on Rs. 6,667 * 12 / 100 = Rs. 800.
Suresh
From India, Thane
Acknowledge(0)Amend(0)Gathering data for an AI comment.... Sending emails to relevant members...
Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Salary Sheet & PF PT Calculation & Challan Nov 2010.xls