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Employee share will go to epf fund and employer share will go to three funds?
My query is that as per the provisions employer has to contribute 8.33 in pension fund and 3.67 in epf fund of his share but in my pf passbook epf contribution of employer is shown 8.67 and rest in pension fund and other fund. my company is a very big mnc so i can t question the judgement of its compliance department. is there any rebate or separate procedure for them because as per the circular available with me it clearly states that employee share will go to epf fund and employer share will go to namely 8.33 in pension fund 3.67 in epf fund and 0.5 in edli fund. please clarify.
Pension fund of 8.33%
Hi i want to know about epf i.e. whether 8.33 from employer only deduct for pension fund or employee also. sudhansu
Superauuation fund
This is my first post for the group. i have served my last organisation for 23 years and now opted for vrs. the supeannuation fund accumulated in my account a little over 3 lac. now as per employer there are two choices. first withdraw this money after deduction of 33 tax. second opt for retirement pension which will be calculated on this amount. can anybody help me in to know the rules in deciding the pension amount. what are the other details on this pension till what age i will be getting this pension and will after my death also my family will get it? ultimately which is the beneficial option to choose?
Can employee contribute towards eps?
Hi all i have query whether an employee can contribute above statutory contribution by employer towards pension scheme under epf & mp act? presently my employer contributes 8.33 of my salary basic salaryda towards pension fund subject to a maximum limit of rs. 15000/ is it possible for me too to contribute by way of deduction from salary apart from my employers contributions to pension fund so that i could get a higher pension on my retirement?
Pension fund
Dear all i want to know some information on pension fund. some were i have read that there are 3 types of pension. 1 superannuation pension 2 retirement pension 3 short service pension. can anybody tell me that 1 what are the basic difference in all these 3 types of pension 2 when and in which industry all these are applicable. 3 how are these calculated thanks in advance to all of you.
How to calculate pf !!!
Hi i nevr calculated pf practically so plz help me in getting my basics correct ..saay if pf salry is 8000 ie basic da. employees contribution 12 960 now employers 12 i.e 8.33 towards pension fund 541 calculated upto max of 6500 . provident fund 3.67 419 towards provident fund dlif 0.5 calculated up to max of 6500 33 administrative charges 0.01 1 now heres :confused: what is central govt contribution towards pension fund is it 1.10 or 1.16 and is it calculated on actual salary or maximum upto 6500 just clarify and give me also a fig what would be in this case so i understandf it ina a proper way warm regards gaurav