Dear all
Sir, I am confuse regarding basic salary. my salary is Rs.35000 and here is following salary structure of my salary:-
SALARY STRUCTURE ARE AS FOLLOW:
Salary Nature Amount (Rs.)
Basic Salary 4,000.00
Dearness Allowance 12,000.00
House Rent Allowance 10,000.00
Transport Allowance 5,000.00
Education Allowance 2,000.00
Medical Allowance 2,000.00
Total Rs. 35,000.00
Less: PF Contribution 960.00
Less: Labour Welfare 10.00
Net Payable Rs. 34,030.00
Sir, Please somebody tell me that we can put basic salary Rs.4000/- if i getting Gross Salary Rs.35,000 if we follow indian Laws. is it possible for less contribution in PF account.
Regards
Roshan Gupta
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