Dear Mr.Girish,
I think there is communication gap in this regard.
I feel they might have deducted PF as per statute i.e.12% on basic with ceiling limit of Rs.6500/- and remaining must have been deducted towards VPF. In that case, whatever they have deducted. It would be OK.
Pl. check with your employer immediately.
Regards,
Ramachandra D Joshi
Hospet, Karnataka.
From India
I think there is communication gap in this regard.
I feel they might have deducted PF as per statute i.e.12% on basic with ceiling limit of Rs.6500/- and remaining must have been deducted towards VPF. In that case, whatever they have deducted. It would be OK.
Pl. check with your employer immediately.
Regards,
Ramachandra D Joshi
Hospet, Karnataka.
From India
Dear Girish,
First you should give your Basic salary.
If your basic is 8300/-, then
your PF deduction will be @12% on 8300 i.e 996/- (Your contribution)
and PF from employer contribution will be = 455/- (996-541)
and EPS deduction @8.33% on 6500/- = 541/- (from employer)
TOTAL DEDUCTION RS. = 1992/-
Thanks
Kundan Suman
From India, Ahmadabad
First you should give your Basic salary.
If your basic is 8300/-, then
your PF deduction will be @12% on 8300 i.e 996/- (Your contribution)
and PF from employer contribution will be = 455/- (996-541)
and EPS deduction @8.33% on 6500/- = 541/- (from employer)
TOTAL DEDUCTION RS. = 1992/-
Thanks
Kundan Suman
From India, Ahmadabad
Dear All,
one of our employee had worked 231 days in last year(Jan 1st 2010 to dec 31st 2010), and also he has taken ESI Leave for 10 days is it Necessary to give him Earned Leave (EL) or not ?(I need karnataka factory rules) please clarify
Thanks & regards
Sandeep
From India, Bangalore
one of our employee had worked 231 days in last year(Jan 1st 2010 to dec 31st 2010), and also he has taken ESI Leave for 10 days is it Necessary to give him Earned Leave (EL) or not ?(I need karnataka factory rules) please clarify
Thanks & regards
Sandeep
From India, Bangalore
Hello girish,
This R.K.MURTHY FROM
. I agree with Mr. S.K.SINGH, Sr. Executive - HR - Eastern India.
As explained there is an option for PF deduction on actual basic and Admn. charges are for employer only. Pl. contact your HR Dept.
With regards,
R.K.MURTHY,
Essen & co.,
Visakhapatnam.
From India, Visakhapatnam
This R.K.MURTHY FROM
As explained there is an option for PF deduction on actual basic and Admn. charges are for employer only. Pl. contact your HR Dept.
With regards,
R.K.MURTHY,
Essen & co.,
Visakhapatnam.
From India, Visakhapatnam
Dear sir,
I am nishant kumar mishra warking as accounts Exe. and my
company provied Pf accounts number only not provied Pf slip .if we resignation our post what is prosuder of taking pf .
please clear my doubts.
thanks with regrds
nishant kumar mishra
From India, Gonda
1I am nishant kumar mishra warking as accounts Exe. and my
company provied Pf accounts number only not provied Pf slip .if we resignation our post what is prosuder of taking pf .
please clear my doubts.
thanks with regrds
nishant kumar mishra
From India, Gonda
hi seniors
pls tell me on withdrawing the pf what an emp will get if he don't want to get pension:
either 12% employee share + 12% employer share
or 12% employee share + 3.67% of emplooyer pf contribution as 8.33% goes to pension fund.
thanks
samsheen
From India, Ludhiana
pls tell me on withdrawing the pf what an emp will get if he don't want to get pension:
either 12% employee share + 12% employer share
or 12% employee share + 3.67% of emplooyer pf contribution as 8.33% goes to pension fund.
thanks
samsheen
From India, Ludhiana
Dear Seniors, As per the current norms PF contribution is 12% or 12.5%? Regards Sanghamitra
From India, Bhubaneswar
From India, Bhubaneswar
Dear all plz tell me TDS rate of calculation if ( is there any different rate of TDS on salary based of Company nature then plz tell the rate of all nature of TDS rate for any establishment or company)
Mr. x works in a limited company and he gets CTC 700000 ( Basic -30000, HRA 23500. Conv.-13850, Ch. edu allowaces-5650.
as per my knowledge my calculation is Taxable income=70000*12=840000
No Tax on salary less than 160000 ( age below 65 years)
840000-16000=680000
Tax exemption on Rent 11% - Total HRA received
23500*11%=2585
23500-2585=20915
Conv=13850-800 ( Tax exept 800)=13050
Ch. ed allow. Rs. 200 ( per 2 child -am not sure only a lump sum amount taken for consideration) for 2 child 200*2=400
Edu. allowances 5650
Total monthly salary=basic+ HRA+Conv.
=30000+20915+13050=63965
Annual salary=63965*12=767580
Gross salary is above 500000
so the Tax rate on Total net income =30%
Monthly TDS deduction = 767580*30%/12=15189
Plz confirm me am right or not
I'm highly obliged u if anyone who guide me to understand me the TDS
its very needfull to me
From India, New Delhi
Mr. x works in a limited company and he gets CTC 700000 ( Basic -30000, HRA 23500. Conv.-13850, Ch. edu allowaces-5650.
as per my knowledge my calculation is Taxable income=70000*12=840000
No Tax on salary less than 160000 ( age below 65 years)
840000-16000=680000
Tax exemption on Rent 11% - Total HRA received
23500*11%=2585
23500-2585=20915
Conv=13850-800 ( Tax exept 800)=13050
Ch. ed allow. Rs. 200 ( per 2 child -am not sure only a lump sum amount taken for consideration) for 2 child 200*2=400
Edu. allowances 5650
Total monthly salary=basic+ HRA+Conv.
=30000+20915+13050=63965
Annual salary=63965*12=767580
Gross salary is above 500000
so the Tax rate on Total net income =30%
Monthly TDS deduction = 767580*30%/12=15189
Plz confirm me am right or not
I'm highly obliged u if anyone who guide me to understand me the TDS
its very needfull to me
From India, New Delhi
Total PF rate of deduction is 25.61%
Employee share=12%
Employer Share=13.61%
in 13.61%= 8.33% for Family pension fund, 1.1% admin. charges ,.05% edli
and difference of Employee's Share and Pension Fund
From India, New Delhi
Employee share=12%
Employer Share=13.61%
in 13.61%= 8.33% for Family pension fund, 1.1% admin. charges ,.05% edli
and difference of Employee's Share and Pension Fund
From India, New Delhi
Dear Nishant
You have to fill Form 19 & 10C ( 10C is submitted when you have worked above six month in a company) 2 month later after the date of resignation
theie is no issue of PF slips ( PF slips only for confirmation of ur PF account and amount . That is only in employee.s case ) and if ur company is not submitted the Annual Return then plz attached Form 3A ( attested copy by the company)
From India, New Delhi
You have to fill Form 19 & 10C ( 10C is submitted when you have worked above six month in a company) 2 month later after the date of resignation
theie is no issue of PF slips ( PF slips only for confirmation of ur PF account and amount . That is only in employee.s case ) and if ur company is not submitted the Annual Return then plz attached Form 3A ( attested copy by the company)
From India, New Delhi
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls