Provident Fund

This query is : Resolved

indira (Querist)
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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.

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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12 August 2008 No. But the term CTC(Cost to the company) definitely includes the Employer's contribution to PF also.

CA. Harinder Kumar

CA. Harinder Kumar (Expert)
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12 August 2008 NO but it will included if more then 12%

CA Abhishek Tyagi

CA Abhishek Tyagi (Expert)
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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.

indira

indira (Querist)
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13 August 2008 Thanks a lot everyone