Provident fund
This query is : Resolved
02 February 2012
my question is related to provident fund deduction. whether it is deducted on earned basic for that particular month or on fixed basic according to the salary break-ups.
e.g. my salary is 45000 per month and my basic pay is 13600. Now in January month due to some reason i loss my pay for 10 days so my total salary calculated Rs. 30000. So my basic comes to 10200. now my PF for the month of Jan 12 will be deducted on 13600 or 10200.
e.g. my salary is 45000 per month and my basic pay is 13600. Now in January month due to some reason i loss my pay for 10 days so my total salary calculated Rs. 30000. So my basic comes to 10200. now my PF for the month of Jan 12 will be deducted on 13600 or 10200.
02 February 2012
On 10200 because it is on actually earned basis.
Anyway maximum contribution is Rs 780( on salary of Rs 6500 if you desire you can contribute more also.)
Anyway maximum contribution is Rs 780( on salary of Rs 6500 if you desire you can contribute more also.)
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