Are there any fixed ratio for Basic+D.A.+H.R.A. for P.F. Calculation ? How many allowances under covered in P.F. ? Can We exclude Those employees who is getting higher salary while calculating P.F. ?
5 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 13 January 2021
No there is no fixed ratio for pf calculation
No all employees getting salary and Pf benefits shall be included
No all employees getting salary and Pf benefits shall be included
Kapadia Pravin
(17264 Points)
Replied 13 January 2021
PF is on basic salary only. But recently there is change, not sure, that all allowances are also considered in calculation. Right now all employees are covered under PF rules.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 13 January 2021
But pf is 12% on salary provided by employers
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