Hi Praveen
As per your attached Paysilp the deductions seems to be correct only.
Your Gross as per your Payslip is Rs. 17955
Deductions : Rs. 1800 for PF (as per new amendment)
Rs. 150 for PT (PT as per law)
You have stated that your gross is Rs. 20000, kindly check your offer letter for the same and get it confirmed whether Rs. 20000 is your gross or your CTC
From India, Madras
8As per your attached Paysilp the deductions seems to be correct only.
Your Gross as per your Payslip is Rs. 17955
Deductions : Rs. 1800 for PF (as per new amendment)
Rs. 150 for PT (PT as per law)
You have stated that your gross is Rs. 20000, kindly check your offer letter for the same and get it confirmed whether Rs. 20000 is your gross or your CTC
From India, Madras
Hi
Is your full name is Praveen Kumar Reddy G and your company is VSPLASH TECHLABS PRIVATE LIMITED then your company is remitting your PF contributions properly otherwise you need to check with your HR regarding the same.
You don't have to worry about the error you receive in the PF site, since due to certain technical issues with PF dept the PF Member passbook is not getting updated properly for 30-40% of the company's and your company might be one among the same (Even for my company PF account we are facing the same).
From India, Madras
Is your full name is Praveen Kumar Reddy G and your company is VSPLASH TECHLABS PRIVATE LIMITED then your company is remitting your PF contributions properly otherwise you need to check with your HR regarding the same.
You don't have to worry about the error you receive in the PF site, since due to certain technical issues with PF dept the PF Member passbook is not getting updated properly for 30-40% of the company's and your company might be one among the same (Even for my company PF account we are facing the same).
From India, Madras
hii Employee contribution = 12% of 9000 = 1080 Employer contribution = 13.61% of 9000 = 1224 Total = 2304 PF
From India, Mumbai
From India, Mumbai
[QUOTE=gpraveen0611;2184219]Hi all,
My Gross Salary is 20,000 and my basic salary on 9,000 which was there on my payslip. As per discussion with my HR, both Employee and Employer contribution is deducted from Gross salary.
So as per above conditions, they are deducting around 3850 Rs from my Salary. Employee Contribution is 12% of basic Salary and Employer Contribution also 12% of basic Salary.
so now my question,
Employee contribution = 12% of 9000 = 1080
Employer contribution = 12% of 9000 = 1080
Total = 2160 PF
But they are deducting 3850 from our salary.
Please let me know which is correct 2160 Rs or 3850 Rs
thanks & Regards,
Praveen[/Q
Hi your epf deduction calcutation is
New pf deduct on if your salary is 15000 then 15000, if more than 15000 then 15000.
So
employee contribution 15000*12%=1800.
employer contribution is 15000*12%=1800.
EDLI charges @ 1.61% is 15000*1.61%=241.5
Your Total pf deduction is =1800+1800+241.50 = 3842.
From India, Bangalore
My Gross Salary is 20,000 and my basic salary on 9,000 which was there on my payslip. As per discussion with my HR, both Employee and Employer contribution is deducted from Gross salary.
So as per above conditions, they are deducting around 3850 Rs from my Salary. Employee Contribution is 12% of basic Salary and Employer Contribution also 12% of basic Salary.
so now my question,
Employee contribution = 12% of 9000 = 1080
Employer contribution = 12% of 9000 = 1080
Total = 2160 PF
But they are deducting 3850 from our salary.
Please let me know which is correct 2160 Rs or 3850 Rs
thanks & Regards,
Praveen[/Q
Hi your epf deduction calcutation is
New pf deduct on if your salary is 15000 then 15000, if more than 15000 then 15000.
So
employee contribution 15000*12%=1800.
employer contribution is 15000*12%=1800.
EDLI charges @ 1.61% is 15000*1.61%=241.5
Your Total pf deduction is =1800+1800+241.50 = 3842.
From India, Bangalore
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HC All - Trainees not covered for PF -2010.pdf
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