Hello All,
I am working in an IT company. We have just enrolled for PF and I wanted to know what percentage I should keep for basic+DA of the CTC. In my previous company, we used to consider:
- 35-50% as basic+DA
- 40% of basic as HRA
- 12% of basic as PF+DA (employer contribution)
- Rest of the components proportionally
Now, the PF agent of my current company is asking to take a minimum of 50% of CTC as Basic+DA for PF computation. Please let me know, can I consider 35% of CTC as basic Pay+DA for calculating PF.
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3I am working in an IT company. We have just enrolled for PF and I wanted to know what percentage I should keep for basic+DA of the CTC. In my previous company, we used to consider:
- 35-50% as basic+DA
- 40% of basic as HRA
- 12% of basic as PF+DA (employer contribution)
- Rest of the components proportionally
Now, the PF agent of my current company is asking to take a minimum of 50% of CTC as Basic+DA for PF computation. Please let me know, can I consider 35% of CTC as basic Pay+DA for calculating PF.
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