PF calculations taken like this below example Basic [3000]+ DA [2500]+ HRA [220

PF calculations taken like this below example
Basic [3000]+ DA [2500]+ HRA [2200]+ Other Allow.[2000]=
Gross [9700]
PF 12% = Basic[3000] + DA[2500]= 660
or
12% of the 60% of the Gross Salary
Gross Salary(9700x60%)x 12%)= 698

In both of the two amount, PF is taken in whichever is higher?
That is PF = 698

Question Posted / prabhu

3 Answers
10193 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

PF calculations taken like this below example Basic [3000]+ DA [2500]+ HRA [2200]+ Other Allow.[200..

Answer / mahesh

Pf is calculated on the Basic + da. i.e means the pf amount
will be as per above example is 660 rs

Regards,
Mahesh

Is This Answer Correct ?

9 Yes

1 No

PF calculations taken like this below example Basic [3000]+ DA [2500]+ HRA [2200]+ Other Allow.[200..

Answer / surenmadav

As per Mr. Mahesh the PF is calculating from Basic + DA x
12% only, not for other calculations, it is applicable for
all over india. there is some limit for PF (i.e. if
Basic+Da is more than 6500/- the maximum amount would be
Rs. 780/-

Is This Answer Correct ?

8 Yes

1 No

PF calculations taken like this below example Basic [3000]+ DA [2500]+ HRA [2200]+ Other Allow.[200..

Answer / sriram

For PF it is calculated only from Basic + DA
For ESI it is calculated from the Gross salary

Is This Answer Correct ?

4 Yes

2 No

Post New Answer

More Personnel Management Interview Questions

One of our Sundry Debtor paid the Bill amount to our sundry creditor. What is the accounting principle. Which is the use Voucher in TALLY?

0 Answers Kalinga Crafts,

“A cost may be direct cost as well as indirect cost at the same time. Explain with arguments,whether you agree with the statement or not?” (Answer must be less than 100 words)

0 Answers

why the people interested in personnel management?what is the difference between hr and personnel management?

3 Answers

What is the differrences between Life insurance, General insurance, ULIP & Mutual funds?

3 Answers

What do you mean by Manpower Management? What process involved in manpower management?

15 Answers

how can i get past literature review about recruitment and promotion.

0 Answers TATA,

I want to join the MBA distance learning Program in IT (Information Technology)from Symbiosis PUNE ,What is the market value of Symbiosis Distance learning.

0 Answers ABC,

what do u do after losing current job withougt information ?

2 Answers San, TATA,

What have you done to prepare yourself to be a supervisor?

0 Answers

What are some career opportunities for entertainment managers in the field of Events Management?

1 Answers

what is the process of p.f.sub code

0 Answers ABC, POL,

HCL,TATA,BIRLA,ACER,SONY,SAMSUNG,HEROHONDA,TVS<BAJAJ,JET Airlines,HSBC,ICICI,HDFC AXIS all thos industries chirman name and their yearly income?

0 Answers

For more Personnel Management Interview Questions Click Here