how much amount shall be included in salary regarding provident fund ? Basic salary of an employee is rs28000 per annum,dearness allowance is rs600 per annum which is also included in calculation of retirement benefit,2% commission on turnover (turnover 3 lakh) , bonus 5000 . Employers contribution to recognised provident fund is 7000 and employee also contributes equal amount. 5500 interest was credited to the fund at tha rate of 11%.
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