Mr. Rahman is currently trying to calculate his Provident Fund (PF) since he has decided to leave his job at Nestle Bangladesh. He has served the organization for 4 years with clean record. Every month, 5% of his basic salary (Tk. 36,500) has been contributed toward the provident fund and every year his base pay has been incremented by 10%. Calculate how much PF he will he receive in total? The contribution schedule has been given below: No. of years served Proportion of employer's contribution 5 years and above 100% match 4 years 80% match 3 years 60% match 2 years 20% match Less than 2 years 0% match
Mr. Rahman is currently trying to calculate his Provident Fund (PF) since he has decided to leave his job at Nestle Bangladesh. He has served the organization for 4 years with clean record. Every month, 5% of his basic salary (Tk. 36,500) has been contributed toward the provident fund and every year his base pay has been incremented by 10%. Calculate how much PF he will he receive in total? The contribution schedule has been given below: No. of years served Proportion of employer's contribution 5 years and above 100% match 4 years 80% match 3 years 60% match 2 years 20% match Less than 2 years 0% match
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 49P
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Transcribed Image Text:Mr. Rahman is currently trying to calculate his Provident Fund (PF) since he has
decided to leave his job at Nestle Bangladesh. He has served the organization for
4 years with clean record. Every month, 5% of his basic salary (Tk. 36,500) has
been contributed toward the provident fund and every year his base pay has
been incremented by 10%. Calculate how much PF he will he receive in total? The
contribution schedule has been given below:
No. of years served
Proportion of employer's contribution
5 years and above
100% match
4 years
80% match
3 years
60% match
2 years
20% match
Less than 2 years
0% match
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