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An employee is required to contribute 10% of his pay to General Provident Fund. If he gets Rs. 13500 at net pay in a month after deduction, then what is the monthly General Provident Fund contribution (assuming no other deductions)?

An employee is required to contribute 10% of his pay to General Provident Fund. If he gets Rs. 13500 at net pay in a month after deduction, then what is the monthly General Provident Fund contribution (assuming no other deductions)? Correct Answer Rs. 1500

CONCEPT: 

The monthly General Provident Fund contribution,

PF = Total pay - Total Pay after deduction      ...(1)

CALCULATION: 

Given:

  • Net pay in a month after deduction = Rs. 13500 
  • He pays in general provident fund = 10% of total
  • Let total fund(x) = 100%
  • He pays 10% in  the general provident fund

⇒ Remaining fund = 100% - 10% = 90%

⇒ 90% x =  13500

⇒ x = (13500 × 100) / 90

⇒ x = 15000

  • Using equation number 1,

⇒ PF = 15000 - 13500 

⇒ PF = 1500

∴ The monthly General Provident Fund contribution is Rs. 1500.
So, the correct answer is option 1.

Related Questions

Which of the following statements are true/false?
1. Employees Provident Fund Act, 1952 is applicable to every establishment in which twenty or more persons are employed.
2. Basic wages means all emoluments which are earned by an employee while on duty or on leave or on holidays with wages.
3. Basic wages include dearness and House Rent Allowance (HRA).
4. Employee shall pay 10% per of the basic wages, dearness allowance and retaining allowance (if any) to Employee Provident Fund Scheme.
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Statement : Why don't you go to the court if the employer does not pay you the Provident Fund contribution?

Assumptions :
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