Pls, tell me if any body having the Basic salary 40,000/- , person want to deduct the pf 12% of his basic salary.
Then My Question is that What should Employer's Share -
A.) 13.61% of 6500/-
B) 13.61% of 40, 000/-
thanks,
Pooja
From India, Hyderabad
11Then My Question is that What should Employer's Share -
A.) 13.61% of 6500/-
B) 13.61% of 40, 000/-
thanks,
Pooja
From India, Hyderabad
Miss Pooja
12% is the standard deduction from both the side employee as well as employer which should be calculated on earned basic of that particular month.
Now the question remains of 1.61% that employer has to pay extra. that is
Admin Charges 1.10%
EDLI admin Charges 0.50%
Inspection Charges 0.01%
Admin charges should be calculated on total pf earning (Wages)
WDLI & Inspection charges should be calculated on EDLI wages (Pensionable wages)
Now question remains with the employer whether he wans to pay on 6500 or on 40000
Regards
Arun J.
From India, Hyderabad
12% is the standard deduction from both the side employee as well as employer which should be calculated on earned basic of that particular month.
Now the question remains of 1.61% that employer has to pay extra. that is
Admin Charges 1.10%
EDLI admin Charges 0.50%
Inspection Charges 0.01%
Admin charges should be calculated on total pf earning (Wages)
WDLI & Inspection charges should be calculated on EDLI wages (Pensionable wages)
Now question remains with the employer whether he wans to pay on 6500 or on 40000
Regards
Arun J.
From India, Hyderabad
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Employer-PF-res trict to wages of Rs 6500.pdf