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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
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 ?    47 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 ?    43 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 5 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 ?    14 Yes 3 No
Ganesh
 
Answer
# 5
12% 
Is This Answer Correct ?    17 Yes 11 No
MohitDixit
 
Answer
# 6
2500/-up to 6500/-. basic gross salary required is 4502 
Is This Answer Correct ?    3 Yes 0 No
Chetna
 
Answer
# 7
No body do not know,what is law,what law says.... 
Is This Answer Correct ?    11 Yes 9 No
Javed Alam
 
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 ?    14 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
 
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Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.   1
Please tell me jurnal entries for input vat and output vat?   1
what differance Between Capital reserv and reserve capital? Genpact 4
how to prepare balance sheet Genpact 7
how to calculate ratio of closing stock?   6
what is meant by deferred revenue expenditure? Genpact 3
Should we take the taxes in to P& L A/c.   6
What is personal account? HCL 4
why sales amount comes in Credit Side in Trial Balance ?. Please give me Explanation Why Purchase amount comes in Debit side in Trial Balance ?. Please give me explanation.   1
what are the accounting standards prevailed now in India. Give a short description about each of them ICAI 2
Credit purchase entry Ernst-Young 10
 
For more Accounting General Interview Questions Click Here 
 
 
 
 
 


   
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