Do companies pay exactly same amt of P.F (as employer's
Contribution )as deducted from employee's salary
Eg. employee's cont. 5000/-
employer's cont. 5000/- is it
Answer Posted / jassi
Clarification with an Example:Provident Fund
Assuming the (Basic + DA + Food Allowances)= Rs.6500
Employee's Contribution:12% of 6500 = Rs 780
+
Employer's Contribution: 12% of 6500= Rs 780 + 1.61% of 6500=105
So employers contribution= 780+105= 885
Hence the total contribution in PF Account= Emplyoee + Employer
780+885=1665
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is the circle of tds and its rate chart
what is service tax? how its count? and why its count?
What is calculate of tds
what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it
if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?
what is cenvet credit in vat.
how to calculate tax for the income earners
How can the management breakup the salary of employee(if salary Rs.10000/-) which % they calculate the Basic,T.A,D.A,H.RA.and e.t.c.
WHETHER VAT IS APPLICABLE IN FIRMER TRACTORS ? WHETHER VAT IS APPLICABLE IN NORMAL TRACTORS ? PLEASE NOTE THAT I HAVE PURCHASED IT BY PAYING VAT.
Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?
What is the date of depositing entry tax and submission of return?
What is Form-I, FORM-F, FORM-H, FORM-E and FORM-C?
Hellow this is ravindra wanted to know about excise duty rates pls suggest
DEFINATION OF INCOME TAX , WEALTH TAX , INDIRECT TAX ,DITECT TAX , AND CORPORATE TAX ?
i dont no what is tcs and tds what the use and how to calculate Tcs&Tds