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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/-)
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoAssuming this Rs. 5000 is your basic salary PF deduction will be 12% of it which works out to Rs. 600/-
There will be an additional Rs. 600/- contribution from your employer which will go into your PF, EPS and other schemes.
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Can form 16 be issued if there is no tax deducted?
No. If the employer does not deduct any tax from your salary, they will not issue a form 16
What if company does not provide form 16?
You can contact your regional Income Tax Office and raise a formal complaint. Every organization that pays a salary and deducts TDS is supposed to provide the Form 16 to its employees. However, if the company does not deduct TDS, they will only give you a Salary Certificate explaining the salary you earned.
What is full form of pf allowance?
I tell you, Provident Fund, isn't it
What is 10000 in a fraction?
In its simplest form, it is 10000/1.
What is 8303 over 10000 in simplest form?
8303/10000
What can homeowners deduct on their taxes?
If you file a Schedule A and Form 1040 return you can deduct your Mortgage Interest, Property Taxes, and Mortgage PMI on your 1098 form from the bank or mortgage company.
What is Because Oxford Provident was such a success this new form of SLA was created?
serial association
What is 1.2083 in fraction form?
1.2083 = 12083/10000 or 12083/10000
What is 100 hundreds in standard form?
10000
How do you write 7 over 10000 in its simplest form?
7/10000
How do you write 7 over 10000 fraction form?
7/10000
What is 9.75 times 10000 in decimal form?
9.75 * 10000 = 97500
