Hi, my salary 10,500 leave deduction for 2days and received 9800/- then how pf would be deducted. on basic received salary or basic actual salary.
From India, Hyderabad
From India, Hyderabad
Pf is not vary in every month.It is calculated as per your basic salary.SO,YOur PF would be deducted as per your actual basic salary.
From India, Delhi
From India, Delhi
Dear Suruchi,
I dont think so. how can PF be deducted on actual basic. lets take an example of an employee. he took 15 days leave, all without pay. will company pay him actual basic, no.
as pe rmy knowledge PF may vary every month based on the payable days. this deductions affects all components of Salary such as HRA, basic, TA and DA etc.
when basic is lower then actual then obviously pf will be lower then actual one.
hope it's clear.
i m expecting more reviews on same.
From India, New Delhi
5I dont think so. how can PF be deducted on actual basic. lets take an example of an employee. he took 15 days leave, all without pay. will company pay him actual basic, no.
as pe rmy knowledge PF may vary every month based on the payable days. this deductions affects all components of Salary such as HRA, basic, TA and DA etc.
when basic is lower then actual then obviously pf will be lower then actual one.
hope it's clear.
i m expecting more reviews on same.
From India, New Delhi
Dear Neesu/ Suruchi,
Greetings for the day :)
PF is always deducted on the basis of Basic salary and if no of days differs from month to month then it will be calculated on the pro rata basis
You both are right at your place but if you merge your statements then it will be complete.
From India, New Delhi
Greetings for the day :)
PF is always deducted on the basis of Basic salary and if no of days differs from month to month then it will be calculated on the pro rata basis
You both are right at your place but if you merge your statements then it will be complete.
From India, New Delhi
PF deductions will be made on Basic Wage + DA earned during the month beased on the number of days worked. Vasant Nair
From India, Mumbai
From India, Mumbai
Dear HR,
Greetings for the day :)
Your Desired details are as follows:
A/C 1 - 12%(Employee contribution) + 3.67%(Employer contribution)
A/C 10 - 8.33% (Employer contribution)
A/C 2 - 1.10% (Admin charges)
A/C 21 - .50% (EDLI charges)
A/C 22 - .01% (EDLI & Admin Charges)
Thus Employee contribution is only 12% from his/her Basic+DA. Whereas Employer contribution is up to 13.61% including EDLI & Admin charge as i mentioned above.
From India, New Delhi
Greetings for the day :)
Your Desired details are as follows:
A/C 1 - 12%(Employee contribution) + 3.67%(Employer contribution)
A/C 10 - 8.33% (Employer contribution)
A/C 2 - 1.10% (Admin charges)
A/C 21 - .50% (EDLI charges)
A/C 22 - .01% (EDLI & Admin Charges)
Thus Employee contribution is only 12% from his/her Basic+DA. Whereas Employer contribution is up to 13.61% including EDLI & Admin charge as i mentioned above.
From India, New Delhi
Dear Sapna,
Greetings for the day:)
I didnt understand the concept given by you for PF calculation
could you please explain??
can i have ur contact details so that i can contact you and then we can discuss the same
From India, New Delhi
Greetings for the day:)
I didnt understand the concept given by you for PF calculation
could you please explain??
can i have ur contact details so that i can contact you and then we can discuss the same
From India, New Delhi
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls