Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

How to calculate PF with example

Answer Posted / shrikant

PF is calculated on Basic + Da @12%. maximum limit for
contribution on PF is 6500/- @ 12%. Employees can
voluntarily contribute more to PF than 12% on 6500/-. say
15% more on 6500/-. so total contribution will be
780+975=1755

Is This Answer Correct ?    34 Yes 9 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Have you ever heard about tds, what it is?

1062


Assigning natural account to accounting seg. What will happen

2012


Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?

6489


What is the difference between inactive accounts and dormant account?

1211


Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.

2100


want to know the questions and answers frequently asking in banks at the time of interview for any cadre

2048


salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry

1550


What is absorption costing with defination? and what is marginal costin with defination?

3020


how to upload ledgers in excel or word document

1979


Do you have any idea about gst?

1061


Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.

1811


What is mutual fund what is derivatives what is capital market what is TDS.breifly

2325


Where do we show "Dividend paid in FFS ,either in FFO or in FFS? what is teh concept behind?

1981


what is contribution? how does it help in taking managerial decisions?

1941


Mention why some asset accounts have a credit balance?

1027