EE and ER contribution - pension fund.. CiteHR
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01harshad Started The Discussion:

Hi,
I just checked my pf balance..I received a message that my EE contribution is Rs.5121 but ER contribution is 1564...As per my knowledge Employee and employer contribution must be same...My father is an SBI employee ..when I checked his PF statements, his employee and employer contribution was same..Then why in my case employer contribution is less...Is my company is cheating with me? If yes then what should I do?

ommygautam -  Member Since: Nov 2007
Quote:
Originally Posted by 01harshad View Post
hi,
i just checked my pf balance..i received a message that my ee contribution is rs.5121 but er contribution is 1564...as per my knowledge employee and employer contribution must be same...my father is an sbi employee ..when i checked his pf statements, his employee and employer contribution was same..then why in my case employer contribution is less...is my company is cheating with me? If yes then what should i do?
no,
actually you are saying right. But there are some rules :-

employee share which deducted from salary = 12%
employer share which paid = 12% or equal to employee share

so as per deduction total share is 24% but the 24% is divided in following ratio-

employee provident fund = ( employee 12% + 3.67% of employer share)
employee pension fund = remaining 8.33% of employer share. And as you know any employee can get the benefit of pension amount either by doing the job continuously in any account more than 9 years are after leaving the job.

So when you see your account balance at that time you are aliv employee and epf dept. Think that you will continue your job more than 9 years so you see in ee share only 12+3.67%. ( pension amount will be not display ). But if did not complete more tham 09 years and you left the job and claiming your epf than you will get24%.

Note if the service is less then 06 month then also you will not entitled for 24%, you will only 15.67%

hetalknaik -  Member Since: Mar 2012
my service break continously 8 year for only 1 month remaining 11 month i serve htere. those 8 year are not counted for pension

klepakshi1967@yahoo.com -  Member Since: Jun 2008
Dear

The amounts which shows first amount if you are withdrawing with in 120 years of services you will get double amount or you will receive first amount + second amount the difference goes to pension fund, it will be repayable only after attain of 58 years




 
 
 
 





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