26 August 2009
During the previous year March 31,2009,Mohan a salaried employee(age 40 years)received Rs 3,00,000as Basic Salary and Rs 20,000as arrears of bonus of the Financial Year 1994-95.During the Previous Year 1994-95,Mohan has received Rs 50,000 as Salary. Mohan deposits Rs 2000(during 1995-94)and Rs 10,000(during 2008-09)in Provident Fund
26 August 2009
i guess u have stated it incorrectly as 12% must have been deducted by the company on basic salary so in mohans case 36,000 should be the PF deduction.
CAclubindia
