Provident fund
This query is : Resolved
02 February 2012
my question is related to provident fund deduction. whether it is deducted on earned basic for that particular month or on fixed basic according to the salary break-ups.
e.g. my salary is 45000 per month and my basic pay is 13600. Now in January month due to some reason i loss my pay for 10 days so my total salary calculated Rs. 30000. So my basic comes to 10200. now my PF for the month of Jan 12 will be deducted on 13600 or 10200.
e.g. my salary is 45000 per month and my basic pay is 13600. Now in January month due to some reason i loss my pay for 10 days so my total salary calculated Rs. 30000. So my basic comes to 10200. now my PF for the month of Jan 12 will be deducted on 13600 or 10200.
02 February 2012
On 10200 because it is on actually earned basis.
Anyway maximum contribution is Rs 780( on salary of Rs 6500 if you desire you can contribute more also.)
Anyway maximum contribution is Rs 780( on salary of Rs 6500 if you desire you can contribute more also.)
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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- GST rate and HSN code for sale of racing horses
- DIN reactivation
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Eway bill generation from place other than registeted
- Condonation . E-Verification of last year return .
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- CREDIT NOTES WITHOUT GST
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Depreciation of fixed assets- coop housing society in mumbai
- 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
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
