CAN ANY BODY ASK ME CLASSIFICATION OF P.F
RS 930 /- DEDUCTION FORM MY SALARY AS A P.F SO HOW MANY RS
CREDITED IN MY ACCOUNT ( GIVE IN DETAIL )
Answer Posted / raghunath
As per PF rules, It will be deducted @12% on Earning of
Basic salary.
with reference the above question Rs.930/- has been
deducted in your salary. that means your Earning of basic
Salary should be Rs.7750/- (Rs.7750@12%= Rs.930/- PF)
Provident Fund (PF) classified in two types.
i) Employees Contribution :- It will be deducted on
Employees earning of basic salary and same amount is
deposited in Employees PF account.
ii)Employers Contribution:- Employer will contribute the
PF amount for his employees. which amount equal to
Employees contribution(12% on earning of Basic Salary)
So, Total credit of your PF account should as given below
i) Employees Contribution
(PF - deduction on your salary) Rs. 930.00
ii) Employers Contribution Rs. 930.00
----------
Total Rs.1860.00
==========
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Ram, the proprietor brought additional capital of Rs 75000/- by pledging his wifes gold.pass entry
You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?
IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT
Three steps for correction in BRS?
Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
Mention some of the major contributions made by you in your present and previous jobs
please give the sbi bank clerk exam paper model in last five years?
What are Corporate Action?
how many types of practice accounts?
What is the basic difference between pledge, hypothication and mortgage????
explain about mergers & aquisitions? asked on 30/7/09
we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?
Hi, Please post in here the Aptitude Test Questions given in companies like Thomson, Reuters, GMS, JP Morgan, Northern Trust Bank etc.
Do you need an income statement if you do part time contract work at home?