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 )
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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
==========
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