Dear Sir, If the employee's basic salary is more than 15000, what are the components we need to take for PF calculation on the actual gross, not on the 15000 gross
Basic 42000
HRA 21000
Special Allowances 21000
Is it possible to calculate PF on basic only like 42000*12% = 5040. or
42000 + 21000 = 63000*12% = 7560.
Which one is Correct? Please help me
From India, Hyderabad
Basic 42000
HRA 21000
Special Allowances 21000
Is it possible to calculate PF on basic only like 42000*12% = 5040. or
42000 + 21000 = 63000*12% = 7560.
Which one is Correct? Please help me
From India, Hyderabad
Hi In this case PF can be deducted on Rs.15000/- x 12% which is minimum or on actual basic if both employee and employer agrees
From India, Madras
942From India, Madras
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