PF Calculation?????
This query is : Resolved
22 December 2008
What is the procedure of PF calculation?
22 December 2008
dear purushottam
employer will dedcuct the employee contribution from his salary which will be 12% of Salary (basic + da) and
same contribution from the employer plus administration charges.
the whole amount will be deposited with pf department via pf challan upto 15th of following month (grace period- 5 days).
maximum limit is Rs. 6500/- ie salary upto which the pf is to be deducted. you can also say that 780/- (being 12% of 6500) is the maximum contribution by employee or employer per person.
employer will dedcuct the employee contribution from his salary which will be 12% of Salary (basic + da) and
same contribution from the employer plus administration charges.
the whole amount will be deposited with pf department via pf challan upto 15th of following month (grace period- 5 days).
maximum limit is Rs. 6500/- ie salary upto which the pf is to be deducted. you can also say that 780/- (being 12% of 6500) is the maximum contribution by employee or employer per person.
22 December 2008
PF deduction is applicable for all the company got BIN.
Mr.Zeeshan is correct the Employer contribution shall be 13.61% including admn. charges. ie. 1.61%
amt to be paid on 15th of every month and
return in Form 5, 12A, 10 and Form 2 along with triplicate copy of the challan are to be filed on or before 25th of the following month
Mr.Zeeshan is correct the Employer contribution shall be 13.61% including admn. charges. ie. 1.61%
amt to be paid on 15th of every month and
return in Form 5, 12A, 10 and Form 2 along with triplicate copy of the challan are to be filed on or before 25th of the following month
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Valuation of diamonds as on 01.04.2001
- What is meaning of merging of expenses or income in accounts
- Accounting treatment of write off sundry debtors
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
