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How is the income tax and PF calculated in India? For example: person X is getting 6 lakhs per annum. How is the PF calculated for him?
Can you give an example of how the PF is calculated for someone earning 6 lakhs per annum?
Sure. For someone earning 6 lakhs per annum, the PF contribution is 12% of their basic salary. So if their basic salary is 4 lakhs, then the PF contribution would be 48,000 rupees per annum.