Hi, my salary 10,500 leave deduction for 2days and received 9800/- then how pf would be deducted. on basic received salary or basic actual salary.
From India, Hyderabad
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From India, Hyderabad
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Pf is not vary in every month.It is calculated as per your basic salary.SO,YOur PF would be deducted as per your actual basic salary.
From India, Delhi
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From India, Delhi
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Dear Suruchi,
I don't think so. How can PF be deducted on actual basic? Let's take an example of an employee. If he took 15 days' leave, all without pay, will the company pay him the actual basic? No. As per my knowledge, PF may vary every month based on the payable days. This deduction affects all components of salary such as HRA, basic, TA, and DA, etc. When basic is lower than actual, then obviously PF will be lower than the actual one. I hope it's clear. I'm expecting more reviews on the same.
From India, New Delhi
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6I don't think so. How can PF be deducted on actual basic? Let's take an example of an employee. If he took 15 days' leave, all without pay, will the company pay him the actual basic? No. As per my knowledge, PF may vary every month based on the payable days. This deduction affects all components of salary such as HRA, basic, TA, and DA, etc. When basic is lower than actual, then obviously PF will be lower than the actual one. I hope it's clear. I'm expecting more reviews on the same.
From India, New Delhi
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Dear Neesu/Suruchi,
Greetings for the day :)
PF is always deducted on the basis of Basic salary, and if the number of days differs from month to month, then it will be calculated on a pro-rata basis.
You both are right in your places, but if you merge your statements, then it will be complete.
From India, New Delhi
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Greetings for the day :)
PF is always deducted on the basis of Basic salary, and if the number of days differs from month to month, then it will be calculated on a pro-rata basis.
You both are right in your places, but if you merge your statements, then it will be complete.
From India, New Delhi
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PF deductions will be made on Basic Wage + DA earned during the month beased on the number of days worked. Vasant Nair
From India, Mumbai
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From India, Mumbai
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Dear HR,
Greetings for the day :)
Your desired details are as follows:
A/C 1 - 12% (Employee contribution) + 3.67% (Employer contribution)
A/C 10 - 8.33% (Employer contribution)
A/C 2 - 1.10% (Admin charges)
A/C 21 - 0.50% (EDLI charges)
A/C 22 - 0.01% (EDLI & Admin Charges)
Thus, the employee contribution is only 12% from his/her Basic+DA, whereas the employer contribution is up to 13.61%, including EDLI & Admin charges as mentioned above.
From India, New Delhi
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Greetings for the day :)
Your desired details are as follows:
A/C 1 - 12% (Employee contribution) + 3.67% (Employer contribution)
A/C 10 - 8.33% (Employer contribution)
A/C 2 - 1.10% (Admin charges)
A/C 21 - 0.50% (EDLI charges)
A/C 22 - 0.01% (EDLI & Admin Charges)
Thus, the employee contribution is only 12% from his/her Basic+DA, whereas the employer contribution is up to 13.61%, including EDLI & Admin charges as mentioned above.
From India, New Delhi
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Dear Sapna,
Greetings for the day:)
I didn't understand the concept given by you for PF calculation. Could you please explain?
Can I have your contact details so that I can contact you, and then we can discuss the same?
From India, New Delhi
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Greetings for the day:)
I didn't understand the concept given by you for PF calculation. Could you please explain?
Can I have your contact details so that I can contact you, and then we can discuss the same?
From India, New Delhi
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls