Pf deduction
This query is : Resolved
05 January 2013
Whether PF will be deducted on basic pay or earned salary.
05 January 2013
Hi
Yes it is calculated on earned Basic + DA salary.
So e.g. if your Basic + DA is Rs. 20,000 & you worked for 15 days after 30 days, then you will get Rs. 10,000/- as earned Basic + DA & PF will be deducted on 10K.
Thanks!!
Yes it is calculated on earned Basic + DA salary.
So e.g. if your Basic + DA is Rs. 20,000 & you worked for 15 days after 30 days, then you will get Rs. 10,000/- as earned Basic + DA & PF will be deducted on 10K.
Thanks!!
05 January 2013
In Act, it is clearly mention that when basic & d.a. is above Rs.6500 at the time of joining then he may not become the member for PF. But employers contribution is limited to 12% on Basic & D.A. but employee can increase his share upto 20% but only after prior permission from PF Commissioner.
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
- Suggestions required for income tax filing-software (FY 2025-26)
- Tax liability on income of freelancer
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Taxation on LTCG for property sold after 24JUL2024
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
