Poonawalla fincorp
Poonawalla fincorp

PF Contribution from salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 January 2011 Is PF contribution is to be calculated on the basis of the basic wages only?.
Two employees are drawing salary from an employee as per the following terms:
A- Basic: 3000/- DA: 1500/-; HRA ;200/- Total 4700 : B- Basic - Rs.6000; Da 3000/- HRA 500/-. Please calculate the PF contribution to be deducted from their salary. Please clrify

Thanks in advance
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
04 January 2011 Case A : 540/-

Case B : 780/-

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