EPF & Pension Fund Breakup Of Employer Share - Basic Pay | CiteHR
roy_5887 Started The Discussion:
I want to know, if the basic pay of an employee is Rs.7500/- In this case 12% employer share is Rs.900/- and the break up should be Rs.541/- under Pension fund(6500 x 8.33%) & balance Rs.359/- under provident fund(900-541) or the percentage formula 8.33% & 3.67% of Rs.7500/- should apply. Which one is the correct way.
Yes.. Your first is correct. Dear All, we attach the pf contributions (employees + employers) & contribution sheet... please see the attachment and any mistakes plz suggest to me..
Attached FilesProvided by community member shasi.k. Register to join your network of peers.
File Type: zip PF CALCULATIONS.zip (13.7 KB, 1155 views)


Found This Useful? +Vote Up This Via Google.  

Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.

About Us - Advertise - Contact Us - RSS   On Google+  
All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network