Respected sir,
I have some doubts in PF Contribution here i entered the details of PF contribution which i know please help me whether it is correct or not
************************************************** ******
EMPLOYER'S CONTRIBUTION (13.61% on Basic )
PF = 8.33%
PENSION= 3.67%
EDLI = 0.50%
Admin charges for Pf = 1.10%
Admin charges for EDLI = 0.01%
************************************************** ******
TOTAL = 13.61%
************************************************** ******
EMPLOYEE'S CONTRIBUTION (12% on Basic)
PF = 12%
************************************************** *****
GRAND TOTAL (13.61%+ 12%)= 25.61
************************************************** *****
Just to know that Employer PF = 8.33% and PENSION = 3.67% is this right or wrong
From India, Vijayawada
5I have some doubts in PF Contribution here i entered the details of PF contribution which i know please help me whether it is correct or not
************************************************** ******
EMPLOYER'S CONTRIBUTION (13.61% on Basic )
PF = 8.33%
PENSION= 3.67%
EDLI = 0.50%
Admin charges for Pf = 1.10%
Admin charges for EDLI = 0.01%
************************************************** ******
TOTAL = 13.61%
************************************************** ******
EMPLOYEE'S CONTRIBUTION (12% on Basic)
PF = 12%
************************************************** *****
GRAND TOTAL (13.61%+ 12%)= 25.61
************************************************** *****
Just to know that Employer PF = 8.33% and PENSION = 3.67% is this right or wrong
From India, Vijayawada
Hi Suneetha All the calculations are correct except EPF & EPS of ER. 8.33% is Pension Fund & 3.67 is EPF
From India, Bangalore
From India, Bangalore
thanks alot Sir
And one more doubt
if an employee is drawing gross 14000 for all months and only in one month he is getting extra amount as Attendance bonus now only for that one month he is drawing 16400 then his ESI calculate on 16400 for that month?
From India, Vijayawada
And one more doubt
if an employee is drawing gross 14000 for all months and only in one month he is getting extra amount as Attendance bonus now only for that one month he is drawing 16400 then his ESI calculate on 16400 for that month?
From India, Vijayawada
Hi Suneetha If the higher wages of 16400 is for only one month then you shall deduct ESI on 15000/- But make sure as from next month onwards his pay will be less than or equal to 15000/-
From India, Bangalore
From India, Bangalore
If my Basic pay is of Rs.8800/- how much pension i receive after attaining its terms and conditions of EPF Pension Scheme.
From India, Hyderabad
From India, Hyderabad
There is a calculation method provided in the Act
Pensional Salary X Pensional Service divided by 70
You will get the quantum of pension you are eligible. If pensionable service is 20 years then 2 years will be added as bonus.
N.LOKANADHA BABU, MANAGER-HR
NRI ACADEMY OF SCIENCES
From India, Guntur
Pensional Salary X Pensional Service divided by 70
You will get the quantum of pension you are eligible. If pensionable service is 20 years then 2 years will be added as bonus.
N.LOKANADHA BABU, MANAGER-HR
NRI ACADEMY OF SCIENCES
From India, Guntur
Greeting All,
Does any one know that [Basic 6500]*12% (780) of employer share directly goes to the EPF a/c of a retired person.
under which section does it come,please copy that link or article and help me out.
i couldn't find it.
After attaining the age of 58 years of employee,employer full 12% contribution goes to EPF a/c.Is it true?
Waiting for your valuable information.
Regards
Parwej Khan
From India, Calcutta
Does any one know that [Basic 6500]*12% (780) of employer share directly goes to the EPF a/c of a retired person.
under which section does it come,please copy that link or article and help me out.
i couldn't find it.
After attaining the age of 58 years of employee,employer full 12% contribution goes to EPF a/c.Is it true?
Waiting for your valuable information.
Regards
Parwej Khan
From India, Calcutta
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls