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What basis can an employer deduct his share of pf contribution from employees salary?
Wiki User
∙ 10y ago
On the basis of the Basic Salary component that is part of the salary. The amount contributed is 12% of the basic salary from employee as well as an equal contribution by the employer
Wiki User
∙ 10y ago
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Write a letter to employer not to deduct pf contribution?
To, Account department Sub: Provident deduction Dear Mam, This is Radheshyam pal, I am your new employee of your company I want request you please do not Deduct my P.F in my salary. Please do needful. Faithfully Radheshyam pal.
What is the employer's contribution to PF as a percent of of salary?
12% of the basic salary
How is provident fund calculated for daily wage employee?
Usually provident fund is 12% of your basic salary. For daily wage employees it depends on the various components of your salary that your employer is paying out on a daily basis. Assuming you earn a salary of Rs. 200/- every day and your employer has put out Rs. 100/- as basic salary every day then your total basic salary per month would be Rs. 3000/- (approx) which in turn would mean that Rs. 360/- would be your monthly PF contribution. If your employer is registered with the EPF organization of India, then he can deduct this money from your salary and remit it with the EPF department every month against your name.
In Texas can an employer tell other employees your salary?
Your salary is never a secret.
Is it legal that whole 12 plus 12 equals 24 percent PF deduction is made thoroughly by employees salary?
It depends. If the employers contribution of 12% is included in your annual salary component (also called CTC) then yes, it is legal. For ex: If as per your offer letter - Monthly Salary = Rs. 10000 and Annual Salary = 1,34,400/- Then the employer contribution of 12% of your salary is included in your annual salary. So, if the employer deducts 2400 from your monthly salary it is legal. However, if your monthly salary = Rs. 10,000 and Annual Salary = Rs. 1,20,000/- and still your employer deducts 2400 from your salary it is illegal
Is employer a person?
An employer is a person who employs workers or staff (employees) for a wage or salary.
Can an employer deduct vacation days if you don't work a full 40hrs a week salary?
Vacation is an unregulated gift from the employer, who can manage it as he / she sees fit.
Can form 16 be issued if there is no tax deducted?
No. If the employer does not deduct any tax from your salary, they will not issue a form 16
What is best for employer hourly or salary pay to employees?
It depends on the employee, the employer, the industry, and the type of position.
Can an employer pay gross instead of net?
Employers are required to deduct salary taxes before paying salaries that's why they have to pay net salary rather gross salary.
What is the percentage of employer's contribution to provident fund on employee's basic?
It is 12% of your Basic Salary
How much your new employer can deduct for employee provident fund for partial month working?
PF contributions depends on you basic salary. Eg. if you have worked for 15 days , then on 15 days basic, your pf contribution will be calculated i.e 13.61%of basic .
