Dear All,
I get a salary of Rs. 7500/-.
The salary in hand (After PF Deduction is Rs. 6589/-)
I checked with the accounts department of my company, they are depositing Rs. 780/- each month as my contribution to PF.
But i get a check (Salary in hand) of Rs. 6589/-
How did they arive at the Figure of Rs. 780.
12% of Rs. 7500 is Rs. 900/-
From India, Delhi
I get a salary of Rs. 7500/-.
The salary in hand (After PF Deduction is Rs. 6589/-)
I checked with the accounts department of my company, they are depositing Rs. 780/- each month as my contribution to PF.
But i get a check (Salary in hand) of Rs. 6589/-
How did they arive at the Figure of Rs. 780.
12% of Rs. 7500 is Rs. 900/-
From India, Delhi
Dear akshay.. ur PF is deducted on the amount of 6500/- as its a ceiling amount for PF. 6500/- must be ur basic salary, check ur salary slip. 12% of 6500/- = 780/-
From India, Hyderabad
From India, Hyderabad
Dear Akshay,
PF is deducted @ 12% of basic, DA and RA and the ceiling limit for PF is 12% of Rs 6500. ie to say it is Rs 780/- even if the salary is Rs.15,000/- and the similar % of amount contributed by the employer.
From India, Mumbai
19PF is deducted @ 12% of basic, DA and RA and the ceiling limit for PF is 12% of Rs 6500. ie to say it is Rs 780/- even if the salary is Rs.15,000/- and the similar % of amount contributed by the employer.
From India, Mumbai
Dear All,
Does any body has the calculation of the pf monthly challan and the bifurcation of the A/C.01,A/C.10, A/C. 21, A/C. 22.are very particular in percentage bifurcation.If for example the total monthly wages are 3277393.And the Interpretation of these account.
From United States
Does any body has the calculation of the pf monthly challan and the bifurcation of the A/C.01,A/C.10, A/C. 21, A/C. 22.are very particular in percentage bifurcation.If for example the total monthly wages are 3277393.And the Interpretation of these account.
From United States
Hi,
Account No. 1 is for PF, wherein the Employees share is 12% & Employers share is 3.67%,
Account No.2 is Admin charges for PF, here only the employer will contribute 1.1% Employee need not contribute,
Account No.10 is for Pension Fund, here only the employer will contribute 8.33% Employee need not contribute,
Account No.21 is for Insurance Fund, here only the employer will contribute 0.5% Employee need not contribute &
Account No.22 is for Admin charges for Insurance Fund, here only the employer will contribute 0.01% Employee need not contribute
From India, Mumbai
Account No. 1 is for PF, wherein the Employees share is 12% & Employers share is 3.67%,
Account No.2 is Admin charges for PF, here only the employer will contribute 1.1% Employee need not contribute,
Account No.10 is for Pension Fund, here only the employer will contribute 8.33% Employee need not contribute,
Account No.21 is for Insurance Fund, here only the employer will contribute 0.5% Employee need not contribute &
Account No.22 is for Admin charges for Insurance Fund, here only the employer will contribute 0.01% Employee need not contribute
From India, Mumbai
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls