PF CONTRIBUTION - Provident Fund

sir what are the allowances are included for PF contribution or definition of wages for the PF dediction. ramesh

sir what are the allowances are included for PF contribution or definition of wages for the PF dediction. ramesh

Please solve my problem

My basic salary Rs. 41000/

so What is the PF CONTRIBUTION of Employees & Employer

Employee 12%

=41000*12% =4920

Employer 12.00%

Contribution:

3.67% = Provident Fund (A/c No.1) ???

8.33% = Pension Fund (A/c No.10) ???

0.5% = EDLIS -Employees Direct Linked Insurance Scheme (A/c No.21) ???

Administrative Charges:

1.10% of emoluments = Provident Fund (A/c No.2) ???

0.01% of emoluments = EDLIS (A/c No.22) ???

Total 25.61%

Re: PF CONTRIBUTION
Please solve my problem

My basic salary Rs. 41000/

so What is the PF CONTRIBUTION of Employees & Employer

Employee 12%

=41000*12% =4920

Employer 12.00%

Contribution:

Someone told me Can this is Right

3.67% = Provident Fund (A/c No.1) 4379/- ( 4920-541 = 4379)
8.33% = Pension Fund (A/c No.10) 541/- (on Rs.6500*8.33%/-)

Baisc is 41000/-

then pf ded from salary is 4920 (12%)

employer share is 541 goes to fpf 8.33%

balance 4920-541= 4379 in your account no 1

so total amount in your pf accoun is 9299 and fpf amount is 541 simple

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