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Provident Fund Calculation Salary Break up : Method of Calculating Provident Fund


1. Method of calculating PF
Ans ) : PF is generally 12 % of basic+DA, where as sometimes companies have fixed amount of PF suppose 660 or 780

2. Who are the people eligible for deduct PF.
Ans) : Establishments employing 20 or more persons are required to deduct PF from the salary of employees.

3. What could be the exact salary break up if a person monthly salary is Rs10000
Ans) : The salary breakup for monthly salary (10000) is not fixed. It varies from Company to Company.
Generally,  Basic, Conveyance(800), HRA (40% or 50% of Basic), Secial Allowance, Medical Allowance.


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