0
What else can I help you with?
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
What is provident fund in salary?
The Government wants to tell us the importance of routine saving over a long time. This lumpsum given during retirement can be used by the employee to continue his life without being financially dependent on anyone and stand on his own legs...
What is the maximum deduction for pf?
The maximum deduction for Provident Fund (PF) contributions in India is capped at 12% of the employee's basic salary and dearness allowance for employees covered under the Employees' Provident Fund Organization (EPFO). Additionally, contributions made by the employer also amount to 12%, of which 8.33% goes to the Employees' Pension Scheme (EPS). However, the deduction limit for tax benefits under Section 80C of the Income Tax Act is ₹1.5 lakh per financial year, including contributions to PF, National Savings Certificates, and other specified instruments.
What percentage of money goes to the salesman of a mutual fund?
Around 1% of the money you invest in the fund goes to the salesman who sells the fund to you.
What much employer contribution in pf?
In India, the employer's contribution to the Employees' Provident Fund (EPF) is generally 12% of the employee's basic salary plus dearness allowance. Out of this, 8.33% is directed towards the Employees' Pension Scheme (EPS), while the remaining 3.67% goes into the EPF. For companies with less than 20 employees, the employer’s contribution may be reduced to 10%. Additionally, the government may provide benefits for small businesses under certain conditions.
Does the money from mi lottery go to the general fund?
No. It goes to the School Aid Fund.
How do ministers and pastors of a church get their salary?
The "flock" donates and part of this money goes to pay the salary of the ministers/pastors.
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.
What is the salary of a vet after going to Texas A M?
The beginning vet salary in Texas is around 41,000 dollars. As a vet gains experience, or goes into private practice, this salary will increase.
What nicknames does Sally Geeson go by?
Sally Geeson goes by Salary.
How can calculate provident fund?
Every Month a portion of your Salary is deducted towards EPF - This will be referred to as "Employee Contribution". Your employer too contributes a certain amount every month towards EPF - This will be referred to as "Employer Contribution".Employee Contribution: 12% of your Basic Salary + DA (Comes out of your Salary)Employer Contribution: Another 12% of your Basic Salary + DA (Comes out of your Employers Pocket)
What is annual salary 12.00 an hour?
Assuming you are a full time hourly worker who goes to work 40 hours a week the salary is 23,040.
