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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.
Is minimum wages the lowest basic pay on which pf is to be deducted?
Pl. tell me minimum basic salary/wage for pf deduction
How do you amount of my pf account?
Usually it is 12% of your basic salary. So, if your basic salary is Rs. 5000 per month, Rs. 600 will be your pf amount
How provident fund calculating?
If basic salary is Rs. 10000 the PF is 1200. It is 12% of the basic salary
What is bais salary?
as per government go release wages in that mention basic we calculate pf on basic
What is the employer's contribution to PF as a percent of of salary?
12% of the basic salary
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 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
How much percentage of provident fund are cutting down on basic salary?
Actually PF deductions with employee is 12% from Basic and contribution for PF by employer is 12% +1.61% Adminstration charges. So total percent given by an employer is 13.61% Employees complete 12% goes to PF account while employer contributions' 8.33% goes to Pension fund and 3.67% goes to PF fund. But this differs from company to company
Can pf contribution of employee be reduced?
No. It is set at a minimum of 12% of the employees basic salary
Who is responsible for PF?
An employee whose drawing wage or basic salary has upto rs 6500/- responsible to pay pf contribution 12 % from employer & employee respectively.
How much the amount were deducted from your salary by the name of pf?
Usually it is 12% of your basic salary
