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How to calculate PF with example
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Answer / dinesh
PF is calculated @ 12% on the Basic salary of an employee
e.g. if your basic is 5000/- then PF amount will be 12% of
rs. 5000/- i.e.600/-
| Is This Answer Correct ? | 498 Yes | 81 No |
Answer / seema pandey
if basic salary is Rs. 6500 then pf is calcuated 12% of
basic salary ( 6500*12%=780 Amount deducted ) suppose if
employee salary is less then 6500 ( 5000 Salary P.M) then
pf will calculate 5000*12% - 600 deducted.
| Is This Answer Correct ? | 231 Yes | 53 No |
Answer / munna2143
pf is calculated on basic salary @12% on salary
| Is This Answer Correct ? | 204 Yes | 28 No |
Answer / k.suresh kumar
ESI is contributed from both the sides Employee as well as
Employer.
It is been calculated on the basis of Gross salary per
month and the maximum ceiling is 10000 Rs./Month.
The contribution from both the sides is as below-
Employee Side- 1.75% of gross/month
So if gross of an employee is 8000/month then
ESI contribution would be 8000*1.75% = 140 Rupees
Employer side- 4.75% of gross/month
ESI contribution would be 8000* 4.75% = 380 Rupees.
Where as PF is contributed @12% of basic salary only from
both sides employee as well as employer..
| Is This Answer Correct ? | 109 Yes | 17 No |
Answer / ashwini patil
Pf is calculated on Basic+DA @12% example if basic salary
is 4000/- and DA(dearness Allowance) is 500/- then pf is
(4000+500)*12/100 = 540/- is pf
| Is This Answer Correct ? | 108 Yes | 24 No |
Answer / ilyas
Pf is calculated on Basic+DA @12% example if basic salary
is 4000/- and DA(dearness Allowance) is 500/- then pf is
(4000+500)*12/100 = 540/- is pf
| Is This Answer Correct ? | 63 Yes | 13 No |
Answer / m.parvathi
Pf is calculated on Basic+DA @12% example if basic salary
is 4000/- and DA(dearness Allowance) is 500/- then pf is
(4000+500)*12/100 = 540/- is pf......... "SO ihave a small dought my BASIC is 5500+(DA)2500 OK clear 8000*12/100= 960 but thay are PF deduction from my salary only 780 SO how it is possible please tell me? plz plz plz........
| Is This Answer Correct ? | 47 Yes | 10 No |
Answer / shrikant
PF is calculated on Basic + Da @12%. maximum limit for
contribution on PF is 6500/- @ 12%. Employees can
voluntarily contribute more to PF than 12% on 6500/-. say
15% more on 6500/-. so total contribution will be
780+975=1755
| Is This Answer Correct ? | 34 Yes | 9 No |
Answer / gourab mistri
basic salary is depending on the company/firm
basic may be 40% of gross salary or as per the limitation
of the company/firm.
so pf is 12% of basic salary.
| Is This Answer Correct ? | 32 Yes | 15 No |
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