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Dear sir,
please tell me how to calculate p.f ( provident fund)?
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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 |
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