Dear sir,
please tell me how to calculate p.f ( provident fund)?
Answers were Sorted based on User's Feedback
Answer / subramanian. r
Provident Fund percentage is 12%
It calcuates per month (basic + DA) salary or and (Basic
Salary) which ever is applicable in the stated salary
Example:
An employee get a salary Rs.5000/- that is Basic Rs.3000 +
Allowance Rs.2000/-)
EPF = 3000 * 12% = Rs.360
He gets a net salary Rs.4640 (Rs.5000-Rs.360)
| Is This Answer Correct ? | 42 Yes | 9 No |
Answer / prakash ray
PF should be calculated as under :
Basic + DA (the portion which form part of retirement
benefit)or on basic salary.
The options are as per the company policy.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / subbu
ALSO DEPENDS ON UR PREFERENCE TOO...
U CAN INCREASE THE % OF AMOUNT DEDUCTED FROM YOUR SALARY
FOR P.F....
VOLUNTARY P.F.
| Is This Answer Correct ? | 5 Yes | 4 No |
why do we take preliminary expenses into asset side?
what is MICR CODE AND BSR CODE HOW IT WAS DIFFERENT?
How to show Airticket Expense on Company's A/c as Company expense
what is Depreciation
how to pass entry in tally when insured item damage. But goods purchases with in state.
usualy what they are expecting source of knowledge while in interview
What is journalizing? What are the columns of a journal?
I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.
hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me
0 Answers Bank Of America, Genpact,
what role did you play in collections?
what is entry for depriciation
If We Are Purchase Any Service For Ex. Agency Charges From Creditors & Give Or Sale The Same To Debtors; Then How I Open Agency Charges Ledger? What Is The Grouping Of It? Is It Purchase A/c. Or Sales A/c.? And If Its Purchase A/c. Then How I Enter It In Debtors A/c. Or Should I Make Two Different Ledgers With Two Groupings Purchase One And Sales One?