DEDUCTION OF PROVIDENT FUND
This query is : Resolved
25 August 2010
TELL ME HOW MUCH DEUCTION OF PROVIDENT FUND SHOULD BE MADE BY EMPLOYER AS PER PF LAW FROM SALARY IN INDIA. IN GENERAL IT IS 12% BUT BELOW 12% IS POSSIBLE. EXPLAIN ME IN DETAIL WITH EXAMPLE. PLEASE CLEAR TO ME EMPLOYER SHOULD DEDUCT 12 % TOTAL BOTH FOR EMPLOYEE AND EMPLOYER'S CONTRIBUTION I.E. 06 OF EACH OR THEY SHOULD GO FOR 12% OF EACH I.E. 12% OF EMPLOYEE AND 12% OF EMPLOYER.
25 August 2010
bifurcation for 12 % deduction
12 % for Employee &
12 % for employer [ 8.33 % in EPF account &
3.67 % in PFC Account]
12 % for Employee &
12 % for employer [ 8.33 % in EPF account &
3.67 % in PFC Account]
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- Gift Received from nonblood relative
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Putting a heading on received mail
- Experts need help
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- 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
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
