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Which employee would come P.F. baracket ?


for example, there are more than 12 employees are working in my co. And I have to deduct p.f amount from theirs salary. I asked you that an employee his salary break up is basic=5000, conveyance=800, hra=6000 and total is Rs.11800/- second basic=3500, convyance=800, hra=4000 and total is Rs.8300/- third basic= 2500, conveyance=800, hra=4500, medical=1250 and total is Rs.9050/-
My question is who would be capable for P.F. deduction, because I know that p.f. is deducted on basic salary. But when basic amount is lowest (i.e.2500/-,3500/-), inspite of lowest basic amount can I deducte P.F. I want to know what is basic or salary range on which p.f. may be applicable, that is my question.

check with labour department

please employ a chartered accountant for your company to take care fo problems like these.

I think there is no basic sal to have PF , PF % is caliculated on the basis for Basic sal , If your company have more than 20 you need to register you company under companies act

The current rate is 8.5 % of basic from both employee and employer deposited to the Employee PF account.

There is an mandatory ESI for the employees whose take home sal is less than 10 K

first increase the employees salary..................

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