Basic salary put rs.4000 for pf calculation
Querist : Anonymous
Sir, I am confuse regarding basic salary. my salary is Rs.35000 and here is following salary structure of my salary:-
SALARY STRUCTURE ARE AS FOLLOW:
Salary Nature Amount (Rs.)
Basic Salary 4,000.00
Dearness Allowance 12,000.00
House Rent Allowance 10,000.00
Transport Allowance 5,000.00
Education Allowance 2,000.00
Medical Allowance 2,000.00
Total Rs. 35,000.00
Less: PF Contribution 960.00
Less: Labour Welfare 10.00
Net Payable Rs. 34,030.00
Sir, Please somebody tell me that we can put basic salary Rs.4000/- if i getting Gross Salary Rs.35,000 if we follow indian Laws. is it possible for less contribution in PF account.
Regards
Roshan Gupta
Amt of PF contribution is available as deduction u/s 80C.
Querist : Anonymous
or
if there is required to put more the Rs.4000/- as basic salary if drawings Rs.35000/-
Querist : Anonymous
there is any requirement in any existing law for basic salary.
Querist : Anonymous
Querist : Anonymous
or company is right now on Deduction on PF.
my opinion is that company should make basic salary about Rs.10500 to 17500 and then deduct PF on such amount.
Click here to login now
Similar Resolved Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Management System (IMS)
- Condonation . E-Verification of last year return .
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- TDS Return Q1 FY 2026-27
- DIN reactivation
- Rental income gst and it purpose
- Reopen of assessment proceeding
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
