If my basic salary is Rs 15000/- Pf is deducted on capping
of 6500/- ie 780/- per month. If I work for 20 days and
then my basic salary comes to rs 10000/- which is still
higher than minimum limit of Rs 6500/-.Please suggest PF
deduction will be 780/- or lower based on 6500x20/30x12%
Answer Posted / suresh reddy
Proportionate amount of lowest band price will be deducted
from salary. Because obsentism is not encouraged by
employer by availing pf employer contribution.
| Is This Answer Correct ? | 12 Yes | 4 No |
Post New Answer View All Answers
What do you find the most challenging in Accpuntant role
Do you know what are the reasons for getting audited?
what is the PRPOER way of accounting salaries ETF EPF
What is an internal audit?
What are documents need to vouch while doing sales vauching?
can external audit be seen as merely an overhead cost adding no value to the orgnisation
How does an internal audit differ from an external audit?
What is an audit process?
How to do an internal audit effectively?
Whether Advance against property to be included in Loans & Advances while referring to section 185 & 186 of Companies Act, 2013?
Explain the difference between internal audit and external audit?
what is the difference you can make by doing your course in the country of your choice
what is the steel consumption per sq ft for ground plus 12 floors
which type audit for your company account
what are the main tools of auditing?