PF Calculation?????
This query is : Resolved
22 December 2008
What is the procedure of PF calculation?
22 December 2008
dear purushottam
employer will dedcuct the employee contribution from his salary which will be 12% of Salary (basic + da) and
same contribution from the employer plus administration charges.
the whole amount will be deposited with pf department via pf challan upto 15th of following month (grace period- 5 days).
maximum limit is Rs. 6500/- ie salary upto which the pf is to be deducted. you can also say that 780/- (being 12% of 6500) is the maximum contribution by employee or employer per person.
employer will dedcuct the employee contribution from his salary which will be 12% of Salary (basic + da) and
same contribution from the employer plus administration charges.
the whole amount will be deposited with pf department via pf challan upto 15th of following month (grace period- 5 days).
maximum limit is Rs. 6500/- ie salary upto which the pf is to be deducted. you can also say that 780/- (being 12% of 6500) is the maximum contribution by employee or employer per person.
22 December 2008
PF deduction is applicable for all the company got BIN.
Mr.Zeeshan is correct the Employer contribution shall be 13.61% including admn. charges. ie. 1.61%
amt to be paid on 15th of every month and
return in Form 5, 12A, 10 and Form 2 along with triplicate copy of the challan are to be filed on or before 25th of the following month
Mr.Zeeshan is correct the Employer contribution shall be 13.61% including admn. charges. ie. 1.61%
amt to be paid on 15th of every month and
return in Form 5, 12A, 10 and Form 2 along with triplicate copy of the challan are to be filed on or before 25th of the following month
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- Pan Card apply for Self help group
- Reporting of STCG on Property in ITR
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
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
