Executive
8960 Points
Joined August 2011
In a basic salary calculation, the Provident Fund (PF) is calculated by considering the Basic Wage and Dearness Allowances. The employee contributes 12% of their Basic Wage + Dearness Allowances towards PF, while the employer contributes 3.67% towards PF on the same amount. Additionally, the employer also contributes 8.33% towards a pension scheme for the employee.