Dear I am sending you an attachment of salary break up...hope it will clear all your doubts....
From India, Calcutta
20From India, Calcutta
Dr. Chirag,
I would like to add one more important point on this that PF is only applicable on Salary(Basic+DA) 6500/Monthly and its organisation liablity to deduct PF of each employee who are getting 6500/ or less monthly wages,A company voluntary can give PF above this salary range too.
Please visit at :: Global Overseas - Home :: Compliance Audit, ISO certification, BFSI Audit, Export, Jem, Jewellery, chemical Industry. for more details.
or call at my cell #9958404503/9899775578
Mohammad Sajid Ansari
From India, Delhi
I would like to add one more important point on this that PF is only applicable on Salary(Basic+DA) 6500/Monthly and its organisation liablity to deduct PF of each employee who are getting 6500/ or less monthly wages,A company voluntary can give PF above this salary range too.
Please visit at :: Global Overseas - Home :: Compliance Audit, ISO certification, BFSI Audit, Export, Jem, Jewellery, chemical Industry. for more details.
or call at my cell #9958404503/9899775578
Mohammad Sajid Ansari
From India, Delhi
Also a employee can voluntarily contribute in his pf account more than the amount {(Basic+Da)*12%.}
From India, Calcutta
From India, Calcutta
The question is very clear.
CTC considers only employer's contribution(12 %) and that has been the practice in industry including MNCs. If any company is considering Employee's contribution too it is purely unethical.
K K Anirudhan
From India, Kochi
CTC considers only employer's contribution(12 %) and that has been the practice in industry including MNCs. If any company is considering Employee's contribution too it is purely unethical.
K K Anirudhan
From India, Kochi
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls