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Basic salary 5000 hra 2500 ta 2000 da 1500 total salary 11000 pf deduct basic salary or total salary?
3500
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
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
Is it legal to deduct inventory shortages to our salary?
Yes, it is legal
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 .
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/-)
Write a letter to employer not to deduct pf contribution?
To, Account department Sub: Provident deduction Dear Mam, This is Radheshyam pal, I am your new employee of your company I want request you please do not Deduct my P.F in my salary. Please do needful. Faithfully Radheshyam pal.
What does Basic salary mean?
Basic salary mean like the average pay. Its typically for the basic worker.
How is provident fund calculated for daily wage employee?
Usually provident fund is 12% of your basic salary. For daily wage employees it depends on the various components of your salary that your employer is paying out on a daily basis. Assuming you earn a salary of Rs. 200/- every day and your employer has put out Rs. 100/- as basic salary every day then your total basic salary per month would be Rs. 3000/- (approx) which in turn would mean that Rs. 360/- would be your monthly PF contribution. If your employer is registered with the EPF organization of India, then he can deduct this money from your salary and remit it with the EPF department every month against your name.
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.
