Provident Fund
This query is : Resolved
12 August 2008
Dear All
Do we take into consideration the 'employers' contribution to PF' while calculating gross salary? I mean along with basic,DA, HRA, LTA etc.
Do we take into consideration the 'employers' contribution to PF' while calculating gross salary? I mean along with basic,DA, HRA, LTA etc.
12 August 2008
No. But the term CTC(Cost to the company) definitely includes the Employer's contribution to PF also.
CA. Harinder Kumar
(Expert)
12 August 2008
NO but it will included if more then 12%
CA Abhishek Tyagi
(Expert)
12 August 2008
Some companies used to include the Employer PF contribution to the gross salary as well. There is no such standard practice in prevelance.
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