Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Dear Pls clarify and work out for me
Let
basic Salary of ‘A’ be Rs. 4500
basic Salary of ‘B’ be Rs. 6500
basic Salary of ‘C’ be Rs.10000
Pls calculate the PF deductions
1. Employee contribution
2. Employer Contribution (Pension and EPF break up needed)
Here pls clarify whether the employer has to restrict his contribution to Rs. 6500 (ie., Rs. 541 towards pension and Rs. 239 towards EPF) even if basic pay is more than Rs. 6500 or equally contribute to employee's share, Suppose if basic pay is Rs. 10000 whether employer has to pay Rs. 541 towards pension and Rs.659 towards EPF.
3. EDLI is to be paid on total wages or restrict to Rs.6500 if it exceeds
4. Admn charges (A/c No2 @ 1.10%) is to be paid on total wages or restrict to Rs.6500 if it exceeds
5. Admn charges (A/c No2 @ 0.01%) is to be paid on total wages or restrict to Rs. 6500 if it exceeds.
Rajarajan

Attaching the PF calculation form which I have taken from here only.
May b useful to you
Regards
Karthik
Let
basic Salary of ‘A’ be Rs. 4500
basic Salary of ‘B’ be Rs. 6500
basic Salary of ‘C’ be Rs.10000
Pls calculate the PF deductions
1. Employee contribution
2. Employer Contribution (Pension and EPF break up needed)
Here pls clarify whether the employer has to restrict his contribution to Rs. 6500 (ie., Rs. 541 towards pension and Rs. 239 towards EPF) even if basic pay is more than Rs. 6500 or equally contribute to employee's share, Suppose if basic pay is Rs. 10000 whether employer has to pay Rs. 541 towards pension and Rs.659 towards EPF.
3. EDLI is to be paid on total wages or restrict to Rs.6500 if it exceeds
4. Admn charges (A/c No2 @ 1.10%) is to be paid on total wages or restrict to Rs.6500 if it exceeds
5. Admn charges (A/c No2 @ 0.01%) is to be paid on total wages or restrict to Rs. 6500 if it exceeds.
Rajarajan[/QUOTE]

Attached Files
 Membership is required for download. Create An Account First P.F MONTHLY & YEARLY.xls (1.34 MB, 549 views)

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.