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,
EXECUTIVE (HR & ADMIN)
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 No 2-105
A/c No 10-542
A/c No 21-33
A/c No 22-1
Hope it is clear.
Excellent HR Services,
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
Why Vote? User validation is extremely important for good content to prosper.