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Chief
1.6
Its based on your basic pay
I am assuming your basic pay is 10,50,000
Then
Employee PF of 1,26,000
Employer PF of 1,26,000
Professional Tax 2,400
will get deducted
So,
21,00,000 - 1,26,000 - 1,26,000 - 2,400 = 18,45,600 per annum
1,53,800 per month which is pretax
If you choose 21,600 as PF Structure.Then,
21,00,000 - 21,600 - 21,600 - 2,400 = 20,54,400 per annum
1,71,200 per month which is pretax
Thank you. That's some explanation.