PF calculations taken like this below example Basic [3000]+ DA [2500]+ HRA [220

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

Question Posted / prabhu

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PF calculations taken like this below example Basic [3000]+ DA [2500]+ HRA [2200]+ Other Allow.[200..

Answer / 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

PF calculations taken like this below example Basic [3000]+ DA [2500]+ HRA [2200]+ Other Allow.[200..

Answer / surenmadav

As per Mr. Mahesh the PF is calculating from Basic + DA x
12% only, not for other calculations, it is applicable for
all over india. there is some limit for PF (i.e. if
Basic+Da is more than 6500/- the maximum amount would be
Rs. 780/-

Is This Answer Correct ?

8 Yes

1 No

PF calculations taken like this below example Basic [3000]+ DA [2500]+ HRA [2200]+ Other Allow.[200..

Answer / sriram

For PF it is calculated only from Basic + DA
For ESI it is calculated from the Gross salary

Is This Answer Correct ?

4 Yes

2 No

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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

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