if i get rs.10000 pm as salary what is the pf rates ?
- 3 Answers
- 4542 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / madhulika2011
PF admin charge = Employer has to pay 1.1 % of pf wages
EDLIS: Employer has to pay 0.5% of pf wages
EDLIS admin charge:Employer has to pay 0.01% of pf wages.
Hence, total additional percentage employer has to pay is rupees : 1.61% of basic so employer has actually to pay 13.61 % of Basic and employee has to pay only 12% of pf wages.
Employees complete 12% goes to PF account while employer contributions’ 8.33% goes to Pension Fund and 3.67% goes to PF Fund.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / r.rai
PF RATE = 12%
3.67% ON SALARY - (PF, A/C -1)
8.33% ON BASIC SALRY- (PENSION, A/C NO-10)
PF AMOUNT = RS. 367.
| Is This Answer Correct ? | 1 Yes | 3 No |
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
what is debentures
31 Answers eClerx, IBM, Syntel,
Expand---------BDCS
TDS form 501A issued to Contractor, which form issued to sub - contractor ?
how a fund flow statement benefit the individual, corporate?
What is the three rules of Account & what is debit and credit
IF CASH-IN-HAND COMES IN CURRENT ASSET(HEAD) THEN PLEASE TELL ME IN WHICH HEAD COMES "SALES RETURN" AND "PURCHASE RETURN"
Where will Contingent liability appears? And why it is not appear in Balance sheet?
what is treasury stock
Expand---------TRSP
Expand ________GFD
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
Audit 
