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Old 25-06-2008, 10:21 PM
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ttripathiy ttripathiy is offline
Join Date: Mar 2008
Location: Delhi
Posts: 31
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Hi Vishal,

PROVIDENT FUND -


1. PF Challan –

(a) A/c No. 1 – 12 % of total Wages (Employee) & 3.67 % of total wages (Employer)
(b) A/c No. 2 – Administrative Charges on wages i.e. 1.1 %
(c) A/c No.10 – Pension Contribution from Employer i.e. 8.33 %
(d) A/c No.21 – EDLI Charges on wages i.e. 0.5 %
(e) A/c No.22 – Admin Charges on EDLI i.e. 0.01%

2. If monthly wages (Basic + DA) is more than Rs. 6500/- then Pension contribution (Employer) would be 8.33% of Rs.6500/-. Rest amount would be paid in PF A/c No.1.

Example –

Total Wages (Rs.) PF Contribution of Employee PF Contribution of Employer Remarks
A/c No.1 (3.67%) A/c No.10 (8.33%) Pension A/c
6271 753 231 522
34356 4123 3582 (4123-541) 541 (paid on Rs.6500/-)


3. Return Dates – PF Challan date – 15th every month
PF Return date – 21st every month (12 A – R)
PF Yearly Return date – 31st March (Form 6A & 3A – R)

4. PF Calculation – 12% (Basic + DA)




ESIC –

1. Eligibility for ESIC – Gross Salary of Member up to Rs.10000/-
2. Contribution – Member (1.75% of gross)
Employer (4.75% of gross)
3. Half yearly returns – Oct to March
April to Sept.
4. Challan Date – 21st of every month

& also find attachment as forms which use in EPFO & ESIC

hope something is clear now,

There some PPT attached please look at them they will answer your questions in a better manner, if you want to ask anything please feel free to ask

Attached Files
File Type: ppt payroll_188.ppt (242.5 KB, 94 views)
File Type: doc PMS.doc (36.0 KB, 62 views)
File Type: xls pf_calculn_209(1).xls (20.5 KB, 101 views)
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Regards

Raj
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