Hello everyone
we deduct 12% of BS and if the employees will be absent, their salaries are deducted and hence BS becomes less every month and the PF contribution is changing every month.
our company want to apply the rule of including the employee and employer contribution in the CTC and want to deduct the double pf from ctc i.e both the employee and employer contribution, then how the pf should be deducted i.e either some fixed amount of PF should be deducted every month (including both contributions) or 24% of basic salary every month.
Plz reply
thanks and regards
Meenu
we deduct 12% of BS and if the employees will be absent, their salaries are deducted and hence BS becomes less every month and the PF contribution is changing every month.
our company want to apply the rule of including the employee and employer contribution in the CTC and want to deduct the double pf from ctc i.e both the employee and employer contribution, then how the pf should be deducted i.e either some fixed amount of PF should be deducted every month (including both contributions) or 24% of basic salary every month.
Plz reply
thanks and regards
Meenu