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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
