PF Calculation - Salary Caluculation [Thread 546589]

Renold Edwin

Hi friends i have one query say if basic salary is 14500 . PF employee contribution is 14500 *12 /100 = 1740 &
PF employer contribution is 14500 * 13.61 /100 = 1973.45 . Friends Please reply whether this calculation is correct or Wrong

jeevarathnam

Hi
If basic is 14500/-
EE Contribution is 14500*12/100 = 1740/-
ER Contribution is 14500*13.36/100 = 1937/- (Admin charges is revised to 0.85% and it is rounded off to nearest rupee)

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