Answer / subramanian. r

Provident Fund percentage is 12%

It calcuates per month (basic + DA) salary or and (Basic
Salary) which ever is applicable in the stated salary

Example:

An employee get a salary Rs.5000/- that is Basic Rs.3000 +
Allowance Rs.2000/-)

EPF = 3000 * 12% = Rs.360

He gets a net salary Rs.4640 (Rs.5000-Rs.360)

Answer / balaji s.g.

Correct

Answer / prakash ray

PF should be calculated as under :

Basic + DA (the portion which form part of retirement
benefit)or on basic salary.

The options are as per the company policy.

Answer / subbu

ALSO DEPENDS ON UR PREFERENCE TOO...
U CAN INCREASE THE % OF AMOUNT DEDUCTED FROM YOUR SALARY
FOR P.F....
VOLUNTARY P.F.

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