Hi Aditi,
Following are the different Heads of the Provident Fund Account, where the money goes.......
Account No1 (PF) ................................. 12% (of Employee Cont. on Basic+D.A.) + [ (12% of employer's Cont.)- (3.67% or 541.00, which ever is minimum) ]
Account No.2 (Admn charges on PF) .......... 1.1 %
Account No.10 (Pension Fund) .................. 8.33% (Subject to Maximum of Rs. 541.00, Limit being Rs.6500.00)
Account No. 21 (EDLI Charges) ................ 0.5 %
Account No. 22 (Admn. charge on EDLI) ...... 0.01%
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