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Does gross salary include employer's contribution to the PF of the employee in India?
In India, gross salary typically refers to the total earnings of an employee before any deductions, including basic salary, allowances, bonuses, and other benefits. The employer's contribution to the Provident Fund (PF) is not included in the gross salary; it is considered a separate benefit. Consequently, while the employee's own PF contribution is deducted from their gross salary, the employer's contribution is an additional amount provided by the employer.
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Mathematical applications of computer?
use to calculate the salary details of employee and their contribution to the funds use to calculate the salary details of employee and their contribution to the funds
Is PF to be paid by the company into the employees account is deducted from employees salary?
No, the Provident Fund (PF) contribution is not directly deducted from the employee's salary. Instead, it is a statutory benefit where both the employer and employee contribute a percentage of the employee's basic salary to the Provident Fund account. The employer's contribution is a separate contribution made by the company, while the employee's portion is typically deducted from their salary before it is disbursed.
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
What is the percentage of employer's contribution to provident fund on employee's basic?
It is 12% of your Basic Salary
Can pf contribution of employee be reduced?
No. It is set at a minimum of 12% of the employees basic salary
Does Gross salary include PF Contribution by the company?
no!
What is the provident fund amount that employers should contribute?
12% of the basic salary paid out to the employee
Which one of these is the best description of a defined contribution plan?
A defined contribution plan is a retirement savings plan where both employees and employers can contribute a specified amount or percentage of the employee's salary into individual accounts. The final benefits received depend on the contributions made and the investment performance of those contributions over time. Unlike defined benefit plans, which guarantee a specific payout at retirement, the risk and potential reward in defined contribution plans are borne by the employee. Examples include 401(k) and 403(b) plans.
C program to find salary and bonus of employee?
#include<stdio.h> #include<conio.h> #include<math.h> void main() { int salary, bonus; clrscr(); printf("enter the salary and="); scanf("%d",&bonus); if(salary==bonus) { salary=salary+bonus; } printf("\ncalculate bonus=%d", salary); getch(); }
What is the percentages of employee provident fund?
Contribution is 12% of the basic salary and the current interest rate is 8.6%
Can new employers ask an old employer how much the employee made?
you can verify their starting salary and ending salary Better answer: employers can excahnge any pay infor they want. Employees have zero expecxtation of privacy about pay.
What is flexible benefit plan component in salary?
A flexible benefit plan is a component of salary since the employee contributes part of the money used to buy the benefits. Between the employer's contribution, and the employee's contribution, a person can choose from a variety of benefits including health, dental, and long-term disability
