Answer / raghunath

As per PF rules, It will be deducted @12% on Earning of
Basic salary.

with reference the above question Rs.930/- has been
deducted in your salary. that means your Earning of basic
Salary should be Rs.7750/- (Rs.7750@12%= Rs.930/- PF)

Provident Fund (PF) classified in two types.
i) Employees Contribution :- It will be deducted on
Employees earning of basic salary and same amount is
deposited in Employees PF account.

ii)Employers Contribution:- Employer will contribute the
PF amount for his employees. which amount equal to
Employees contribution(12% on earning of Basic Salary)

So, Total credit of your PF account should as given below

i) Employees Contribution
(PF - deduction on your salary) Rs. 930.00
ii) Employers Contribution Rs. 930.00
----------
Total Rs.1860.00
==========

Answer / dj

Pf will be deducted @ 12% on your basic salary every month .

for Ex if your salary is 20000/-(assume that your basic
salary = 10000, hra =6000, other allowance = 4000/-)

on basic salary 10000/- your PF will be deducted 1200/-
@12& and same is going to deposit in your PF account with
Govt along with company contribution of same amount (i.e
1200/- yours and 1200/- company's) totall 2400/- would be
your monthly saving with PF account.

at the time of resign or retirment you will get the total
amount of savings. if your services are 10 yrs more you can
get the pension (out of 12% 8.33 will go to pension account
and 3.27% will go to pF account from companies
contribution).

if you wihdraw your PF amount within 5 years of your
service you will get total amount of PF after deducting the
TDS as per the ACT.

What is the difference between payable and accrual

0 Answers  

---

what is the diffrence between gross profit& net proffit?

8 Answers   Capital IQ,

---

PURCHASE LABOUR CHARGE FROM R.K.DAS RS.6950AND TDSAPPLICABLE -

3 Answers  

---

Expand I T O

1 Answers  

---

Can I freeze my account?

0 Answers   Mellon,

---

If you get excess of cash Rs. 2000/- than what actually CashA/c shows. As an account what do U do?

3 Answers  

---

what is the differance between Equity shares and preferance shares?

5 Answers   Panacea,

---

Why you consider yourself suitable for the position applied for?

2 Answers   Actaris Industries, Bajaj, BH, Infosys, MRF,

---

can anybody send me interview question&answer to me in accounts and finance and income tax....my mail.id...jagathis1986@gmail.com

0 Answers  

---

What are liabilities

3 Answers  

---

two sales synonyms

1 Answers   FactSet Systems,

---

tell about friendship

21 Answers   CTC, Genpact,

---