What is the rate of PF deduction & at what amount deduction will be made?
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Pf deduction
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PF Deduction Rate is 12% on Amount of 6500/- & Pf Amount will be 6500*12%=780
PF will be calculated on basic+DA. Employees contribution is 12% and employers contribution is 13.61%
| Originally posted by : Lydia | ||
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PF will be calculated on basic+DA. Employees contribution is 12% and employers contribution is 13.61% |
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and the break up employer's contribution is into pension fund, provident fund,
PF admin charges and EDLI charges.
There are two options 1. Uniform all employees deduct celling of Rs.6500/- 2.As per employees actual salary on Basic saalry+Dearness allowance @ the rate of employee contribution is 12% , employer contributions 12+1.6%(admin charges).
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