How to calculate PF with example

Answer Posted / m.parvathi

Pf is calculated on Basic+DA @12% example if basic salary
is 4000/- and DA(dearness Allowance) is 500/- then pf is
(4000+500)*12/100 = 540/- is pf......... "SO ihave a small dought my BASIC is 5500+(DA)2500 OK clear 8000*12/100= 960 but thay are PF deduction from my salary only 780 SO how it is possible please tell me? plz plz plz........

Is This Answer Correct ?    47 Yes 10 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the difference between inactive accounts and dormant account?

699


All Interview related Questions pertaining to General Ledger,Finance & Accounts.

2311


SHADOW BALANCE SHEET

12879


Tell me the stages of double entry system?

617


how to calculate ESI,PF,PRO.TAX, INCOME TAX, VAT, T.D.S, EXCISE PLEASE SAY ANSWER IN DETAIL WITH PROPER UNDERSTANDING PLEASE SAY THROUGH WITH EXAMPLE

1987






what is profit maximisation

1645


1.Which type of records maintaing for Hotels and provision Stores. 2.in Which type of returns we are going to file. tell me whos know brefiely,,

1541


what is the process of cenvat credit taken in service tax( in direct & indirect service)

2758


have you ever been involved in an invoice dispute? How did you manage the problem?

697


1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS DEFFERED REVENUE EXPENDITURE?

6784


What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c

1750


What is full rate on plywood box in haryana sale tax:

1450


One Institute, after completion of course not issue any certificate to students, they issued certificate from other branded institute with cost (Kindly provide the term of this expenditure to appear in P&L a/c)

2029


SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST

1608


One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?

2153