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plz tell me the following calculation of provident fund what % are to charged in case of employee & employer return of provident fund ( monthly & annually )
PF from employee:12% PF from employer:13.61% 13.61% =3.67%PF + 8.33% pension scheme +1.10% admin charges of PF + 0.5% employee diposit linked insurance(EDLI) + 0.01%admin charges of EDLI
If is exempted from EDLI ,you have to pay 0.005 % in A/c No.22
Dear Friends,
I have doubt, let me know how to calculate PF deduction (12%)
as per PF act.(Any recent notification).
1. BASIC + DA
2. BASIC + DA + SPECIAL ALLOWANCE & FOOD ARTICLE IF ANY.
What does it mean Special allowance ? (Is it only for Salary break up)
Pl. clarify it ,
Regards,
Avinash Kumar.k

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