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calculations of pf

Answer Posted / varadaraja.s

FOR UNLIMITED COMPANY :

Employer 12% on basic salary
Employee 12% on basic salary
Administration Charge 1.61%

Total = 25.61% of Basic salary
...........................................................


FOR LIMITED COMPANY :

Employer 12% of 6500
Employee 12% of 6500 (6500 is Minimum wage as per the Labour
Low)
Administration Charge 1.61% of 6500

Total = 25.61% of R.s 6500/-
...........................................................

Is This Answer Correct ?    5 Yes 1 No



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