Answer Posted / 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)

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