What is the abbreviation of EPF?

Salary: An employee receives Basic pay of Rs 10,000 per month. PF calculation: Since the employee's Basic is above Rs 6,500, the stipulated ceiling for mandatory PF Gross, his PF contribution can be calculated as 12% of Basic i.e. In other words, you can calculate PF as 12% of Rs 6,500 instead of Rs 9,000.

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