This is the amount on which the PF contribution or deduction is calculated. Generally, in 95% of the companies, this is Basic + Basic Arrears + DA + DA Arrears. However, there are always exceptions and some companies want it to be a little different. In that case, we can change the PF Basic formula to cater to the client's requirements.
Articles in this section
- What is the new change regarding PF rate reduction and how greytHR has addressed this requirement?
- What is Employee Provident Fund (EPF)?
- How to generate reports related to PF or Provident Fund?
- How employees can view their PF Year-to-Date Statement?
- What is the link between PF and Income Tax?
- What are the various options for PF Form 10?
- What is PF Year?
- Does every employee contribute to PF?
- What is PF Basic or PF Gross?
- How to generate Form 6A?