What is the percentage for calculating dearness allowance.
Most of the companies i heard that they do not have the pf or esi but they divided their salary as 610 for DA. I do not know at what percentage they are deducting? Is there any percentage to deduct DA for non-pf companies?
Pls clarify my doubt.
From India, Madras
4Most of the companies i heard that they do not have the pf or esi but they divided their salary as 610 for DA. I do not know at what percentage they are deducting? Is there any percentage to deduct DA for non-pf companies?
Pls clarify my doubt.
From India, Madras
Hi Jenny
As per goverment norms and implementation of 6 pay commission the DA rate now is 24% of Basic and grade pay . DA will increase 6% at every six month. I dont know your company pay structure, but this is as per goverment rules. The PF will deducted @ rate of 12% of Basic + grade pay+ DA. from employee end the same will be contributed by employer the total will be remitted at PF Office.
From India, Madras
As per goverment norms and implementation of 6 pay commission the DA rate now is 24% of Basic and grade pay . DA will increase 6% at every six month. I dont know your company pay structure, but this is as per goverment rules. The PF will deducted @ rate of 12% of Basic + grade pay+ DA. from employee end the same will be contributed by employer the total will be remitted at PF Office.
From India, Madras
Hi,
Can you explain how much PF amount deduction from employee and employer?
Is this correct employee 12% employeer13.16%.
As well as in this 12% covers only Basic, DA , or etc., How we classify the salary as basic, DA, HRA , uniform washing allowance and other allowance
We are willing to deduct PF amount for our staff. What is the procedure of voluntary PF deduction? for Hospital setting. Please seniors any one can answer my question.
Regards,
Prabhu.P
99655 59067
Coimbatore
From India, Madras
Can you explain how much PF amount deduction from employee and employer?
Is this correct employee 12% employeer13.16%.
As well as in this 12% covers only Basic, DA , or etc., How we classify the salary as basic, DA, HRA , uniform washing allowance and other allowance
We are willing to deduct PF amount for our staff. What is the procedure of voluntary PF deduction? for Hospital setting. Please seniors any one can answer my question.
Regards,
Prabhu.P
99655 59067
Coimbatore
From India, Madras
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.
Provident Fund Percentage Table.pdf
To Calculate the percentage.xls