Hi Team,
1) My Salary is 14000. Basic - 5000, HRA - 5000, LTA - 2000, Children Education Allowance - 500, Medical Allowance - 1500, Conveyance - 1000.....is this package looks fine?
2) As per new PF rule as per above package PF should be deducted on 5000 ( basic) or 10000 ( basic + LTA + CEA + Medical + Convy ) ?
Regards,
Jack
From India
1) My Salary is 14000. Basic - 5000, HRA - 5000, LTA - 2000, Children Education Allowance - 500, Medical Allowance - 1500, Conveyance - 1000.....is this package looks fine?
2) As per new PF rule as per above package PF should be deducted on 5000 ( basic) or 10000 ( basic + LTA + CEA + Medical + Convy ) ?
Regards,
Jack
From India
Dear Friend, Your PF will deduct on all allowances except HRA, as per your inputs PF deducts on 10,000.
From India, Mumbai
427From India, Mumbai
hi Pf should deduct all allowance except HRA, So you can deduct Basic + all allowance*12% for epf deduction........
From India,
From India,
Hi Ravi & Murugan,
1) Sorry so say but still you don't know the correct answer still you replied - Correct reply is - On all these allowances - ( BONUS ALLOWANCE, VARIABLE PAY, GIFT VOUCHER, EDUCATION ALLOWANCE,CHILD HOSTEL ALLOWANCE, SUPERNATION ALLOWANCE, LTA REIMBURSEMENT, MEAL REIMBUSMENT ) PF will not be applicable
2) I asked two question point wise but you guys replied in one liner. If Basic and HRA are same is that okay?
Looking for expert replies.
Thanks,
Jacn
From India
1) Sorry so say but still you don't know the correct answer still you replied - Correct reply is - On all these allowances - ( BONUS ALLOWANCE, VARIABLE PAY, GIFT VOUCHER, EDUCATION ALLOWANCE,CHILD HOSTEL ALLOWANCE, SUPERNATION ALLOWANCE, LTA REIMBURSEMENT, MEAL REIMBUSMENT ) PF will not be applicable
2) I asked two question point wise but you guys replied in one liner. If Basic and HRA are same is that okay?
Looking for expert replies.
Thanks,
Jacn
From India
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Provident Fund Percentage Table.pdf
To Calculate the percentage.xls