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%
- 9 Answers
- 19785 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / manish
PF is deducted only on basic.
If u r worked only 20 days the lowest based is 6500*20/30*12% will deducted.
| Is This Answer Correct ? | 18 Yes | 3 No |
Answer / nandesu
PF Amount would be 780/- as the basic salary for 20 working
days is Rs. 10000 which is still beyond the Capping amount
of Rs. 6500 and therefore Rs. 780/- would be deducted.
| Is This Answer Correct ? | 28 Yes | 15 No |
Answer / ezhil
PF is deducted only on the basic salary .
If u worked for 20 days also your basic salary is only 6,500/-.
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / 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 |
Answer / thomas mathew
PF is statutorily deducted on basic+da @ 12% and the employer also contributes equal amount to your one's PF a/c. Employer can deduct PF in the following ways.
Deduct PF @ 12% on full basic+da.
Employer has the option to deduct PF at capped amount of Rs.6500/-. In this case employer saves on his contribution, as the employer is also required to contribute an amount equal to the PF deducted from one's salary. Many employers deduct PF on the capped amount of 6500/- and many employers deducted on full salary(basic+da). If the basic+da is lesser than 6500/- employer is required to deduct PF only on that amount. Now the govt has enhanced the capped amount from 6500 to 15000 which will come into effect very shortly.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / susheel c a
good very good question you mind is exlent but the fact is
that i dont know the answer
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / jayalakshmi
PF is deducted on Basic . If the person is worked only for
20 days the basic will reduced
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / amrita
Your Pf amount will be reduced as the working days is 20days .....it will 6500/30*20=4333*12%=519 will be decucted from your salary.
| Is This Answer Correct ? | 0 Yes | 0 No |
What is the difference between amalgamation, absorption, liquidation ? Why realisation account is being prepared ?
is we can avail credit of service tax paid on telephone bill.if yes these credit can be availed from any other head(for eg consultancy service)
Can an auditor undertake an audit of a Receipts and Payments Account?
please tell me how to take the stock of goods in Tally ERP9 in case of Useing FORM F (Company Sent the Stock Send me against Form 38 & after sale He want from me FORM F ) Thank U
Audit evidence obtained directly by the auditor will not be reliable if: A) the auditor lacks the qualifications to evaluate the evidence. B) it is provided by the client's attorney. C) the client denies its veracity. D) it is impossible for the auditor to obtain additional corroboratory evidence.
Can I alter Original Tax invoice(pharma) at warehouse in respect of Batch,nomuntilature,quantity,value etc.?
what is the entry of Salary Provision
Expand---------BRP
internal audit
What is audit trail in siebel?
7. Sarbanes-Oxley requires auditors of public companies to maintain audit documentation for what period of time? A) Not less than 3 years. B) Not less than 5 years. C) Not less than 7 years. D) Through the issuance of the financial statements.
Where do you see yourself in 5 years time?
Audit 
