No Tags Found!

jai4jayabalan
1

Dear friends,
We detecting PF contribution 12 % from employee side and employer contribution also 12% + admin charge 1.61%.
  1. How to detracting PF admin charge and when( Every Monthly or Yearly once )
  2. In employee CTC structure why did not showing the PF admin charge in PF contribuiton.
  3. I saw many employee offer letters and CTC calculation excel sheets no one mention employer PF admin charge contribution.
  4. Where we show that employer contribution admin charge(in CTC)
  5. Why............?
Kindly explain me
Regards
Jayabalan.k

From India, Madras
nikita01.08
2

Dear Sen sir,,,
As the question is mentioned above that...
in pf section employee part is 12% where as employer part is 12% + 1.61%.
but in ctc we only show 12% of employer part.. than how we adjust 1.61% in salary .. as it is also a cost to company.
Than where we have to show this 1.61%...
how we reach to solution...
Regards

From India, Delhi
Abhijit_Barua
47

Dear Nikita, U will mention in CTC employee contribution 12% and employer contribution 13.61% some if ESIC applicable then emp - 1.75% and employer 4.75%. I think u understand that
From India, Kolkata
Sharmila Das
990

Dear Ms. Nikita,
Employee - 12% (Basic, Dearness Allowance, Food concessions and other allowances)
Employer - 13.61%
Contribution:
3.67% - Provident Fund (A/c No.1)
8.33% - Pension Fund (A/c No.10)
0.5% - Employee Direct Linked Insurance Scheme (EDLIS), (A/c No.21)
Administrative Charges:
1.10% of Emoluments - PF Contribution
0.01% of Emoluments - EDLIS

From India, Visakhapatnam
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.