No Tags Found!

SH

Shai89308

Executive Hr

AS

Ammu Shanvi

Human Resource

GS

G SHASHI KRISHNA

Senior Manager - Hr

AH

Aizant HR

Human Resources

MA

MARSHAL

Safety Officer

AK

Anish Katoch

Hr Executive

PR

PranjalR

Hr Recruiter

AP

Alka Pal

Hr Executive

Karthikeyan8195

Management Consultant

MK

Mohit Kumar Puri

Head Marketing

AU

Austex

Accounts Manager


jashamara
As per the new PF rule passed on by the SC, special allowance will be an additional component to the basic + DA for PA deduction. This will lead to a rise in PF deduction and CTC, but a drop in net salary (Take Home).
However, as per my knowledge (I can be wrong), this additional PF contribution is applicable to individuals with basic salary of Rs.15,000.
My basic is more than 15,000, but my company has implied this new rule and shared a new salary structure where my PF contribution has risen along with CTC, but my take home has taken a hit. Are they obligated to do so? Do I need to comply? Is there a way around it?
Proviso to Para 26A will restrict my PF contribution to Rs.15,000, but will also reduce my CTC. That's why I have not requested my company to do so.

From India, Mumbai
divya-jha
4

Hi
As per the recent Law of PF , pf calculation will include every component of Salary excluding HRA ..
suppose your Salary is 10 rs
basic -5
hra -2
medical-1
conveyance- 2
.
so your contribution of pf will be on (basic +medical+conveyance )..
Also PF is limited to 1800.. employer cannot deduct more than this.

From India, Bengaluru
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.




About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.