how much the minimum basic salary to calculate p.f.
Answer Posted / minimum salary is governed by
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 ? | 26 Yes | 6 No |
Post New Answer View All Answers
whether allowances will be included in calculating esi from gross salary
what is tribal area allowance means
Tell me what does the investment of personal assets by the owner will do?
What is book profit? How it was calculated
Accounting Questions
Tell me what is trial balance in accounting?
What is a ledger in regards to accounting?
I got below mail stating to pay 8000 rupees to Wipro but when I went to wipro in sajapur, it was fake mail. If u receives this kind of mail, please don’t respond. Please inform to ur friends regarding this.
Wipro Limited
Dear candidate
Your Resume has been selected by ( Wipro Limited). I have attached your
Interview Process letter with this email. Kindly see the attached file.
Note - you can call in official working Hours Monday to Saturday – 9 Am to 2 Pm,
Company Website – www.wipro.com
Note - And more details you send a email Company
Email Add – career@wiprolimited.in
Best Of Luck
For More Details Please Click Here
Wipro Limited What does the abbreviation dr mean in accounting? Tell me do you think there is any difference between inactive and dormant accounts? Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..????? can any body tell me the procedure to learn accountancy with
easy tips.i.e., layman accounting policy and rules of debit
and credit. What is account payee cheque? Expand ctc cheque? audit under section and penalty under saction scurtiny
under saction EXPLAIN EACH SECTION PROVISIONS ON TDS?