Interested to Buy Any Domain ? << Click Here >> for more details...
how much the minimum basic salary to calculate p.f.
- 15 Answers
- 49255 Views
- I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
Minimum salary is governed by the 'Payment of Minimum Wages
Act' in India. For the purpose of contribution to 'Employees
Provident Fund, Basic Salary+DA is considered, It needs to
be calculated on actual Basic+DA, if it's less than Rs.
6500/- per month and on Rs. 6500/- if it's more than that
amount. However, an employer & employee can contribute on
the actual amount of Basic+DA, if it's higher than
Rs.6500/-, PF Contribution on Rs. 6500/- comes to Rs.780/-
(i.e. 12%.
For detailed information, refer 'Employees' Provident Fund &
Miscellaneous Act' or consult a labour law expert or contact
the EPF office.
| Is This Answer Correct ? | 57 Yes | 2 No |
Post New Answer View All Answers
Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx
what is t code of gr/ir report?
Write about the media role in daily life
What is deferred account?
What is recording damage inventory in books of account?
what is bond wash transaction ,when we have to use it, and what is the procedure please help me with examle
What is a contra entry
what is accounting cycle ?
How to make deductions of the employees from salary against the loan in AP module oracle R12
Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?
Explain what is bank reconciliation?
Please explain the difference between provision and reserve?
TDS %AGE ON CALLIBRATION CHARGES BILL
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?
