Dear all,
The upper limit from 6500 basic have the option to deduct pf on the 6500*12%.the 6500 is the eligiblity for pf fund, if any employee basic salary less than 6500 he need to contribute in pf,its mandatory but above has the option..............
thanks
parveen
From India, Bahadurgarh
The upper limit from 6500 basic have the option to deduct pf on the 6500*12%.the 6500 is the eligiblity for pf fund, if any employee basic salary less than 6500 he need to contribute in pf,its mandatory but above has the option..............
thanks
parveen
From India, Bahadurgarh
What if the PF is included in CTC both Side (Employee and Employers) from our Salary. My salary structure as per below. Please guide. Is it OK?? or not.
BASIC 5670.00
DA 2835.00
HRA 4253.00
CONVEYANCE ALL 1600.00
MEDICAL ALLOWANCE 1250.00
SPECIAL ALLOWANCE 3643.00
CTC BONUS 1749.00
GROSS SALARY ( A ) Total CTC 21000.00
EMPLOYEE DEDUCTION
EMPLOYEE PF 1021.00
EMPLOYER PF (Deduct from Employee) 1021.00
EMPLOYEE PROFF. TAX 200.00
TOTAL EMPLOYEE DEDUCTION ( B ) 2242.00
NET TAKE HOME ( A - B ) 18758.00
From India, Ahmedabad
BASIC 5670.00
DA 2835.00
HRA 4253.00
CONVEYANCE ALL 1600.00
MEDICAL ALLOWANCE 1250.00
SPECIAL ALLOWANCE 3643.00
CTC BONUS 1749.00
GROSS SALARY ( A ) Total CTC 21000.00
EMPLOYEE DEDUCTION
EMPLOYEE PF 1021.00
EMPLOYER PF (Deduct from Employee) 1021.00
EMPLOYEE PROFF. TAX 200.00
TOTAL EMPLOYEE DEDUCTION ( B ) 2242.00
NET TAKE HOME ( A - B ) 18758.00
From India, Ahmedabad
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls