Check your Job offer letter or pay slip. There will be a component called basic salary. It is not calculated but it is fixed by your employer based on your job, designation, experience etc
as per government go release wages in that mention basic we calculate pf on basic
None. There is no minimum basic salary. Whatever is the basic salary 12% of it goes towards pf.
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
12% of the basic salary
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
If basic salary is Rs. 10000 the PF is 1200. It is 12% of the basic salary
Usually it is 12% of your basic salary
You can calculate pf very simply....you can choose EPF Calculator for that.IN that u just add your detail and monthly wage you will get all results which you needed....Epf calculator is free you can download it from their site.PF is 12% of your basic salary. If your basic salary is Rs. 1000/- PF will be Rs. 120 employee contribution + Rs. 120 employer contribution
Pl. tell me minimum basic salary/wage for pf deduction
3500
No. It is set at a minimum of 12% of the employees basic 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