Dear sir,
please tell me how to calculate p.f ( provident fund)?
Answers were Sorted based on User's Feedback
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)
| Is This Answer Correct ? | 42 Yes | 9 No |
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.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / subbu
ALSO DEPENDS ON UR PREFERENCE TOO...
U CAN INCREASE THE % OF AMOUNT DEDUCTED FROM YOUR SALARY
FOR P.F....
VOLUNTARY P.F.
| Is This Answer Correct ? | 5 Yes | 4 No |
sir ,can effect on wbs element after wbs selected in t code : FBCJ for cash receipt?
Tell me what is “deposit in transit”?
what is the meaning of preliminary expenses
Our company is in manufacturing stage and we had paid advance payment to several suppliers for some construction purposes. As manufacturing stage I want to treat it as Capital work in progress.So kindly advise how can we pass the entries for the same.
1 Answers Reflective Aluminium Glass,
Name three (3) equity security data points
Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?
PLEASE CLEARLY EXPLAIN WHAT IS MEANT BY TDS,CST,ADVANCE TAX,PF,PT,ESI.CLEARLY AS IF EXPLAINING TO LAY MAN
Companies formed by letters patent?
Difference between reserves for bad debts & provision for bad debts.
6 Answers HSBC, NRN Business solution, Siemens,
golden rules of accounting
In which term & condition excise invoice raises & for what excise invoice raise?
non cash or bank income or expense