Dear Seniors ,
My CTC P.M is 16000. Basic is 3700 and HRA is 1110 . Can any one tell me as per new amendment , What amount of deduction will be from monthly salary ??
As my employer is deducting 1000 Rs as PF Deduction from our Salary. If employer is wrong can ony one send me circular and send exact calculation ??
PLSSSS
From India, Vadodara
My CTC P.M is 16000. Basic is 3700 and HRA is 1110 . Can any one tell me as per new amendment , What amount of deduction will be from monthly salary ??
As my employer is deducting 1000 Rs as PF Deduction from our Salary. If employer is wrong can ony one send me circular and send exact calculation ??
PLSSSS
From India, Vadodara
Hi , PF is deducted on basic + Da ...so your basic is 3700 .hence 12% is deductable on 3700 . Regards Rajeev Dixit
From India, Bangalore
111From India, Bangalore
Allowance(s) as declared in the PF Act.....in line with judicial pronouncements are covered..
You should be rather happy since employer also has to add Employer's contribution.
You will be able to build better corpus for your future.
It is always better to transfer PF than to withdraw and keep the a/c regular and be eligible for pension and various other benefits.
You may go thru FAQ at EPFO website and speak to PRO/APFC in nearest PF office.
From India, Chandigarh
You should be rather happy since employer also has to add Employer's contribution.
You will be able to build better corpus for your future.
It is always better to transfer PF than to withdraw and keep the a/c regular and be eligible for pension and various other benefits.
You may go thru FAQ at EPFO website and speak to PRO/APFC in nearest PF office.
From India, Chandigarh
Dear Nik,
As seniors have pointed out you should be happy if the employer is deducting more, because employer also has to contribute same amount, which goes into your EPF credit. In fact emloyer is the one at a disadvantage in your case.
As regards legality, as per EPFO circular dated 18/03/2014(search this site for the circular) epf wage is defined as Basic + DA + food coupon+ retaining allownce.
From India, Thane
As seniors have pointed out you should be happy if the employer is deducting more, because employer also has to contribute same amount, which goes into your EPF credit. In fact emloyer is the one at a disadvantage in your case.
As regards legality, as per EPFO circular dated 18/03/2014(search this site for the circular) epf wage is defined as Basic + DA + food coupon+ retaining allownce.
From India, Thane
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SALARY with out PF Deduction.xls
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