Dear All if his basic is 12000/- on which amount Pf should be dedeucted.Rs. 12000/- Or 15000/- N if his basic is suppose 16000/- thn on whch amt it should be Calculated?????
From India, Mumbai
From India, Mumbai
Hi , PF ceiling had increased from 6500 to 15000 but calculation of PF is still on the basis of Basic+DA not in Gross salary so based on the given salary details your deduction will be the amount of Rs 1440 Can't be 1800 you may check the excess amount details with concern HR .
Hope you clear.
Thank you,
Sandeep Krishnan R.
From India, Kochi
Hope you clear.
Thank you,
Sandeep Krishnan R.
From India, Kochi
As per current PF Act the PF should be calculated on Basic + DA. In the above mentioned Salary break up DA is not being shown, only Basic Rs. 12000 is being mentioned it means that PF should be deducted @ 12% on Basic only. Hence thae deduction of Rs.15000 is excess. Report this to your HR / Accounts.
Vinay
From India, Allahabad
Vinay
From India, Allahabad
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls