Yahoo! Finance: "Redefining personal finance for India's middle class" --> FREE Limited time offer: HR Forum topics Started by Lopamudra Praharaj
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Mid blowing..awesome
Dear Ranjan,
1) The formula for calculation of monthly members pension is as under:
Members Pension= Pensionable salary X (Pensionable Service+2)/ 70
* Pesionable salary is the monthly basic salary an employee draws & Pensionable service is the contributory service.
2) The employers share of PF contributing representing 8.33% of the wage is being diverted to the said fund.
1) The formula for calculation of monthly members pension is as under:
Members Pension= Pensionable salary X (Pensionable Service+2)/ 70
* Pesionable salary is the monthly basic salary an employee draws & Pensionable service is the contributory service.
2) The employers share of PF contributing representing 8.33% of the wage is being diverted to the said fund.
Lopamudra
Lopamudra
Assistant Professor (HRM)
Innovation- The Business School
(Placement Officer)
Bhubaneswar, OR
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