mukeshhr1986 Started The Discussion:
Hello dear,i am working in a manufacturing company and i have some confusion about pf monthly challan. i know that how we prepare of pf challan.
account no.1 - 15.67%
account no.2- 1.1% administration charges
account no. 10- 8.33% pension fund
account no. 21- 0.50% inspection charges
account no.22- 0.01 or 0.005%
i have confusion account no. 22. how much percentage we can sent in this account.
i am waiting for yours valuable reply.
thanks & regards,
Mukesh kamboj
EXECUTIVE (HR & ADMIN)
12th May 2011 From India, Delhi
sethupathy-s 
42
42
Dear Mukesh, If your company is an exempted unit under EDLI, then the charges for A/C No. 22 would be 0.005%. For others it is 0.01% S.Sethupathy, Excellent HR Services, Erode.
13th May 2011 From India, Selam
13th May 2011 From India, Selam
sethupathy-s 42
42
Dear All.
The calculations-
A/c No 1 EPF- 12+3.67=15.67% on Basic
A/c No.2 EPF Admin Charges -1.1% on Basic
A/c No.10 EPS -8.33 % for Maximum 6500 ie 542
A/c No.21 EDLI -0.50% for Maximum 6500 ie 33 .
A/c No 22 EDLI Admin Charges-0.01%
If you are contributing for entire 9500 taken as a basic, the calculation will be-
Employer-1140 for EPF and EPS + 33 for EDLI+1 for EDLI admin.
Employee-1140 for EPF
Out of the 1140 of Employer only 542 will be taken for EPS and rest will be accounted in EPF ie 598.
Now the accounting will be
A/c No1-1140+598=1738
A/c No 2-105
A/c No 10-542
A/c No 21-33
A/c No 22-1
Hope it is clear.
S.Sethupathy,
Excellent HR Services,
Erode.
14th May 2011 From India, Selam
The calculations-
A/c No 1 EPF- 12+3.67=15.67% on Basic
A/c No.2 EPF Admin Charges -1.1% on Basic
A/c No.10 EPS -8.33 % for Maximum 6500 ie 542
A/c No.21 EDLI -0.50% for Maximum 6500 ie 33 .
A/c No 22 EDLI Admin Charges-0.01%
If you are contributing for entire 9500 taken as a basic, the calculation will be-
Employer-1140 for EPF and EPS + 33 for EDLI+1 for EDLI admin.
Employee-1140 for EPF
Out of the 1140 of Employer only 542 will be taken for EPS and rest will be accounted in EPF ie 598.
Now the accounting will be
A/c No1-1140+598=1738
A/c No 2-105
A/c No 10-542
A/c No 21-33
A/c No 22-1
Hope it is clear.
S.Sethupathy,
Excellent HR Services,
Erode.
14th May 2011 From India, Selam
pls find the PF Monthly Challan for in Execl format with automatic formula. only fill the basic amt. other calculations it will take automatically. i think it will be helpful for all hr personnels.
Purushottam Dass Matta
I have more data about labour laws & monthly challans & returns Factories Act, if some one want any help pls contact feelfree.
purushottam Dass Matta
09784595015
14th May 2011 From India, Alwar
Purushottam Dass Matta
I have more data about labour laws & monthly challans & returns Factories Act, if some one want any help pls contact feelfree.
purushottam Dass Matta
09784595015
14th May 2011 From India, Alwar
Akhil.Gupta 112
112
Incase employer takes insurance from any other company then A/C 21 charges would be Nil and A/C 22 charges would be .005 % is applicable.
23rd January 2013 From India, Kota
23rd January 2013 From India, Kota
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