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PF - As per Supreme Court Judgement, what is the procedure for calculating 8.33% (Pension Amount)? - CiteHR

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raviatti
Dear Seniors, As per Supreme Court Judgement, what is the procedure for calculating 8.33% (Pension Amount)?
If PF is deducting on Rs. 15000/- i.e. Rs. 1800/- then what is pensionable salary for 8.33% ? Is it Rs. 15000/- or Rs. 6500/-.
Kindly advise.

From India, Gurgaon
durgaprasad-rajavarapu
1

Hi,
Except HRA, Gratuity and Bonus, All other components will be considered as Basic like Basic+DA, Conveyance, CCA, TPTALL and all special allowances is considered as Basic. We need to calculate on Basic + Special Allowances. Max limit is 15000/-.
Please find the below;
A/c No. 1: PF Contribution Account* 12.00 3.67
A/c No. 2: PF Admin Charges Account – 0.50
A/c No. 10: EPS Contribution Account – 8.33
A/c No. 21: EDLIS Contribution Account – 0.50
A/c No. 22: EDLIS Admin Charges Account – –
Total Contribution 12.00 13.00


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