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Categories >> Accounting >> Accounting General
 
 


 

 
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 Accounting General interview questions  Accounting General Interview Questions (2781)
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Question
how much the minimum basic salary to calculate p.f.
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: how much the minimum basic salary to calculate p.f.
Answer
# 1
2500/- 
Is This Answer Correct ?    27 Yes 62 No
Guest
 
  Re: how much the minimum basic salary to calculate p.f.
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 ?    41 Yes 20 No
Vadivelan M
 
 
 
  Re: how much the minimum basic salary to calculate p.f.
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 ?    44 Yes 0 No
H.r. Sreepada Bhagi
 
  Re: how much the minimum basic salary to calculate p.f.
Answer
# 4
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 3 No
Minimum Salary Is Governed By
 
  Re: how much the minimum basic salary to calculate p.f.
Answer
# 5
12% 
Is This Answer Correct ?    15 Yes 11 No
MohitDixit
 
  Re: how much the minimum basic salary to calculate p.f.
Answer
# 6
No body do not know,what is law,what law says.... 
Is This Answer Correct ?    11 Yes 9 No
Javed Alam
 
  Re: how much the minimum basic salary to calculate p.f.
Answer
# 7
it depend upon the state minimum wages rule, 
Is This Answer Correct ?    9 Yes 8 No
Dinesh Singh Budwal
 
  Re: how much the minimum basic salary to calculate p.f.
Answer
# 8
6500 basic salary including DA.pf 12% deduction from
employee side and 12% contribution by employer side.
 
Is This Answer Correct ?    12 Yes 3 No
Ganesh
 
  Re: how much the minimum basic salary to calculate p.f.
Answer
# 9
Minimum salary for calculation P.F.should be based on
Minimum wages act basis.
 
Is This Answer Correct ?    6 Yes 7 No
Banoj Kumar Swain
 
  Re: how much the minimum basic salary to calculate p.f.
Answer
# 10
Rs.6500/- (Basic+DA) 
Is This Answer Correct ?    13 Yes 11 No
Ashok
 

 
 
 
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