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Provident Fund

ankit bisht (kusumkhera) (144 Points)

18 June 2016

How to Calculate salary for provident fund?

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3 Replies

Senu Reddy (ca final) (291 Points)
Replied 18 June 2016

it is calcuated @ 12% on Salary (Basic + DA) & Companies will have their own policy for fixing the basic salary and DA

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ankit bisht (kusumkhera) (144 Points)
Replied 18 June 2016

commission would be add or not.

Senu Reddy (ca final) (291 Points)
Replied 18 June 2016

it excludes.......

Any dearness allowance (that is to say, all cash payments by whatever name called paid to an employee on account of a rise in the cost of living), house-rent allowance, overtime allowance, bonus, commission or other similar allowance payable to the employee in respect of his employment or of work done in such employment;