ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1900)
 Accounting General interview questions  Accounting General Interview Questions (2812)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4364)
Question
how much the minimum basic salary to calculate p.f.
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Minimum salary is governed by the 'Payment of Minimum Wages
Act' in India. For the purpose of contribution to 'Employees
Provident Fund, Basic Salary+DA is considered, It needs to
be calculated on actual Basic+DA, if it's less than Rs.
6500/- per month and on Rs. 6500/- if it's more than that
amount. However, an employer & employee can contribute on
the actual amount of Basic+DA, if it's higher than
Rs.6500/-, PF Contribution on Rs. 6500/- comes to Rs.780/-
(i.e. 12%.

For detailed information, refer 'Employees' Provident Fund &
Miscellaneous Act' or consult a labour law expert or contact
the EPF office.
 
Is This Answer Correct ?    46 Yes 0 No
H.r. Sreepada Bhagi
 
Answer
# 2
Minimum salary for calculation P.F.should be based on
Minimum wages act basis. there is some categorized based on
the designation of employees.
 
Is This Answer Correct ?    42 Yes 20 No
Vadivelan M
 
 
 
Answer
# 3
Minimum salary is governed by the 'Payment of Minimum Wages
Act' in India. For the purpose of contribution to 'Employees
Provident Fund, Basic Salary+DA is considered, It needs to
be calculated on actual Basic+DA, if it's less than Rs.
6500/- per month and on Rs. 6500/- if it's more than that
amount. However, an employer & employee can contribute on
the actual amount of Basic+DA, if it's higher than
Rs.6500/-, PF Contribution on Rs. 6500/- comes to Rs.780/-
(i.e. 12%.

For detailed information, refer 'Employees' Provident Fund &
Miscellaneous Act' or consult a labour law expert or contact
the EPF office.
 
Is This Answer Correct ?    21 Yes 4 No
Minimum Salary Is Governed By
 
Answer
# 4
6500 basic salary including DA.pf 12% deduction from
employee side and 12% contribution by employer side.
 
Is This Answer Correct ?    13 Yes 3 No
Ganesh
 
Answer
# 5
12% 
Is This Answer Correct ?    16 Yes 11 No
MohitDixit
 
Answer
# 6
No body do not know,what is law,what law says.... 
Is This Answer Correct ?    11 Yes 9 No
Javed Alam
 
Answer
# 7
2500/-up to 6500/-. basic gross salary required is 4502 
Is This Answer Correct ?    2 Yes 0 No
Chetna
 
Answer
# 8
it depend upon the state minimum wages rule, 
Is This Answer Correct ?    9 Yes 8 No
Dinesh Singh Budwal
 
Answer
# 9
Rs.6500/- (Basic+DA) 
Is This Answer Correct ?    13 Yes 13 No
Ashok
 
Answer
# 10
basic plus d a 
Is This Answer Correct ?    0 Yes 0 No
Srinivasan
 

 
 
 
Other Accounting General Interview Questions
 
  Question Asked @ Answers
 
what is contingent liability Capital-IQ 5
How to calculate excise duty? Capital-IQ 4
what is the journal entry for bank reconciliation.   4
how to pass an entry for expenditure by deducting tds for customer   10
What is the journal entry for goods sold to Mr A in 1 month credit of rs 5000. and also pass entry for non repayment of money after 1 month by Mr A. (What entry will come for this?) Siemens 3
What is Cash Flow Statement?   3
entry for outstanding expenses Capital-IQ 25
IN PROCESS ACCOUNTING, HOW ABNORMAL LOSS & ABNORMAL LOSS IS TREATED? FCI 2
what is the capital expenditure Micro-Labs 3
HOW TO CALCULATE INPUT TAX CREDIT (ITC) ?   3
golden rules of accounting   3
what is the t code for report of miro booking & fb60?   1
 
For more Accounting General Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com