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Basic salary 5000 hra 2500 ta 2000 da 1500 total salary 11000 pf deduct basic salary or total salary?
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∙ 15y ago
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Wiki User
∙ 15y ago
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How much percent gratuity can be deduct if basic salary will 6000?
4.81% on basic Adi Strateology
What basis can an employer deduct his share of pf contribution from employees salary?
On the basis of the Basic Salary component that is part of the salary. The amount contributed is 12% of the basic salary from employee as well as an equal contribution by the employer
How do you deduct PF contribution for piece rate employee?
You need to fix a certain amount as basic salary if you want to deduct PF. set a minimum number as basic salary and calculate PF on it. The remaining amount based on piece rate can be added a different component in the persons salary
Is is fair to deduct the basic salary?
If you mean deducting minimum wage, yes it is. It's also illegal..
How much your new employer can deduct for employee provident fund for partial month working?
PF contributions depends on you basic salary. Eg. if you have worked for 15 days , then on 15 days basic, your pf contribution will be calculated i.e 13.61%of basic .
What does Basic salary mean?
Basic salary mean like the average pay. Its typically for the basic worker.
What is the rate of providend fund and employees pention scheme and is it mandatory to deduct 12 percent PF or it may be verry?
It is 12% of basic salary and does not vary
How much provident fund deduct form 10000 salary?
If your Basic Salary is Rs. 10,000/- 12% of your Basic Salary works out to Rs. 1,200/- 3.67% of your Basic Salary works out to Rs. 367/- 8.33% of your Basic Salary comes to Rs. 833/- which is higher than the limit of Rs. 541/- So, your Employer will contribute Rs. 541/- towards EPS and contribute Rs. 659/- towards EPF (Rs. 367/- + Rs. 292/-)
What is the mininum basic for pf?
None. There is no minimum basic salary. Whatever is the basic salary 12% of it goes towards pf.
Bonus is calculated on gross salary or basic?
BASIC
What is Basic Salary and Annual Salary?
Basic and annual salary are the same thing. They are how much a person makes in a year.
How provident fund calculating?
If basic salary is Rs. 10000 the PF is 1200. It is 12% of the basic salary
