![]() ![]() This amount is the employee contribution. 15,000 per month, the employee contribution shall be 12 % of 15000, which comes to Rs 1800/. The employee contributes 12 percent of his or her basic salary along with the Dearness Allowance every month to the EPF account.įor example: If the basic salary is Rs. The employee’s own contribution as well as the employer’s contribution. Basically, the provident fund of every employee in a company comprises of two contributions. The government has set up some rules to calculate how much funds are to be allocated into the EPF account for each employee. Read on to find out how pf calculation is done on salary every month. ![]() Currently, all corporate firms with 20 or more employees are required to sign up for the Employee Provident Fund. The provident fund is a combined contribution from you as well as your employer that is deducted from your salary every month and put away in a PF account where it grows into a sizeable sum that you can avail after retirement. An Employee Provident Fund is a retirement benefit scheme designed to ensure that you have enough funds saved to get you through retirement adequately. ![]()
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