Quote:
Originally Posted by VairamuthuSasi  Hello Mr Kapil
In this how many percentage of employer money is divided for both PF and pension scheme. And this pension fund can be transferred to another organisation, when the employee resigns ? Is there no possibility to get the pension scheme money when employee resigns? |
Dear HR,
Good Afternoon
!!!
1. PF Deducted (12%) from basic salary of the Employee
2. Principal Employer (Company) Add 12% of basic salary. Company Contribution (12%) devided in two Parts. Many comapanies saw this contribution in overall CTC.
2.1 8.33% in EPS (Emp Pension Scheme)
2.2 3.67% in EPF (Emp Provident Fund)
Note: 8.33% of basic salary subject to maximum of rs.541/- per month is deviated from Compamy's contribution to the EPS 1995.
Total contribution of pf is following for your Knowledge.
PAYMENT OF CONTRIBUTION
A/c – 1 EPF EMPLOYERS 12% + EMPLOYEES 3.67% = 15.67 %
A/c – 2 EPF ADMIN CHARGES 1.10%
A/c – 10 EPS EMPLOYEES 8.33 %
A/c – 21 EDLI 0.50 %
A/c – 22 EDLI ADMIN CHARGES 0.01%
TOTAL = 25.61%
Yes, you can transfer your PF to other Organisation whenever you resigns.
and it will be treated to employee as his total ctc.
