{ "media_type": "text", "post_content": "If anyone can help me understand the math behind my pf contribution coming as 1800 per month. Isn't it govt policy to have that as 12% of basic salary? Please help me understand this. Also what ll be the in hand monthly after 1.5 lac 80cc + 50k NPS deduction. Thanks", "post_id": "61e1c9dcb39af9002a6c7cd8", "reply_count": 7, "vote_count": 1, "bowl_id": "5f7ce32d622aa4002f22c104", "bowl_name": "Big 4 Discussions!", "feed_type": "bowl" }

If anyone can help me understand the math behind my pf contribution coming as 1800 per month. Isn't it govt policy to have that as 12% of basic salary? Please help me understand this. Also what ll be the in hand monthly after 1.5 lac 80cc + 50k NPS deduction. Thanks

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1.35L under new regime without HRA. A little less with old scheme. Using 8333 per month served no purpose since Rent paid - 10% basic is basically 0 for you. Try this app called Tax Calculator India for 2021-22. App developer is Quintet Solutions. It gives you a good breakup of everything. That is what I used for your in-hand calculation.

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Thank you so much for all the info. Appreciate it

Many companies calculate the pf as per the minimum compliance amount i.e. 15k. 1800 is 12% of 15k. But you can always increase your pf contribution by asking your employer to have your extra pf deduction under Voluntary PF (VPF). Max VPF could be 100% of your basic, and no rules are applied for minimum contribution. Hope this helps.

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Thank you so much

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