Dear All,
Greetings !!!
I would like to know the Actual / Approx Amount of PF Withdrawal , request you all to suggest as per following below details :
From Jan-2015 to March-2016
Basic Salary - Rs. 22,110
PF Deduction - 12% on Actual Basic
From April-2016 to March-2017
Basic Salary - Rs. 22,647
PF Deduction - 12% on Actual Basic
Request you all to kindly provide your inputs.
From India, Bangalore
26Greetings !!!
I would like to know the Actual / Approx Amount of PF Withdrawal , request you all to suggest as per following below details :
From Jan-2015 to March-2016
Basic Salary - Rs. 22,110
PF Deduction - 12% on Actual Basic
From April-2016 to March-2017
Basic Salary - Rs. 22,647
PF Deduction - 12% on Actual Basic
Request you all to kindly provide your inputs.
From India, Bangalore
Dear Abhinav,
Please always discuss here properly. If all inputs are available with you then why are you insisting for calculations form us?
However, please note that EPF actual deduction plus difference of pension fund and EPF deductions are reimbursable to you along with interest but as far as pension part is concerned which is 8.33% is reimbursed with different formula considering the contribution remitted and length of service. Moreover, it is forfeited if the period of contributions period is less than 6 months.
P K Sharma
From India, Delhi
Please always discuss here properly. If all inputs are available with you then why are you insisting for calculations form us?
However, please note that EPF actual deduction plus difference of pension fund and EPF deductions are reimbursable to you along with interest but as far as pension part is concerned which is 8.33% is reimbursed with different formula considering the contribution remitted and length of service. Moreover, it is forfeited if the period of contributions period is less than 6 months.
P K Sharma
From India, Delhi
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SALARY SHEET CALCULATION.xls