PF calculations taken like this below example
Basic [3000]+ DA [2500]+ HRA [2200]+ Other Allow.[2000]=
Gross [9700]
PF 12% = Basic[3000] + DA[2500]= 660
or
12% of the 60% of the Gross Salary
Gross Salary(9700x60%)x 12%)= 698
In both of the two amount, PF is taken in whichever is higher?
That is PF = 698
- 3 Answers
- 8989 Views
- I also Faced
- E-Mail Answers
Answer Posted / mahesh
Pf is calculated on the Basic + da. i.e means the pf amount
will be as per above example is 660 rs
Regards,
Mahesh
| Is This Answer Correct ? | 9 Yes | 1 No |
Post New Answer View All Answers
What are some opportunities for entertainment managers in the field of Sport Management?
What have you done to prepare yourself to be a supervisor?
Under Operations, What are the principles of Control & Management?
I want to learn how to read and understand different terms of Letter of Credit to correctly in order to preform Letter of Credit issued against my company by my client. Please let me know where I could find out the point wise definition/explanation of each article. Thanks
Dear Sir, Please what is the HR introductions of the belows: - Skills training - Performance measures - Vacation leave administration: - Retirement plans: - Employee handbooks: - Company publications: - Labor low compliance: - Relocation and outplacement service. - Policy creation: - Policy communication: - Record keeping - Policies to ensure lawful behavior: - Reporting: - Posting information safety inspections: - Accessibility accommodation - Human resource planning and forecasting change management.
What is the market like for EM majors?
how to prepare for cat exam ?.. hn 3 months?
can u brief me your resume
How will you influence people to strive willingly for group objectives in your organization (target based industry)? Apply your interpersonal influence through communication process towards attaining your specialized goals?
What experience have you had in personnel administration?
What is the actuator lever definition and tunction
how can i get past literature review about recruitment and promotion.
coordination should be an individual responsibility rather than the other insisting the coordination.justify your answer.
What are some career opportunities for entertainment managers in the field of Music Management?
why is personnel management is considered as one important aspect of present day management? give 5 reasons or factors.
