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Mr. Amit,
I just want one more clarification in respect of PF contribution by the employer . As we know the rate of contribution for both the employee & the employer are 12% & 13.61% respectively. I may be made clear whether the balance 1.61 % which is contributed excessively by the employer is deducted from the employee's salary (Basic+D.A.) or contributed by himself / itself. Hope to receive any reply from your end in my following e-mail Id. Thanking you.
[Biswajit Pani]
e-mail ID:

From India, Bhubaneswar
Mr.Pani
0.5% is for EDLIS contribution this is paid by employer only
1.1% is for PF admin
0.01% is for EDLIS admin charges which is paid by employer
we can'nt withdraw any of this part of 1.61%
These admin chagres directly goes to the EPS & PF bodies.
This is my idea about this topic.

From India, Bangalore
Hai Divakar,
To my knowledge
The share of Employers contribution of 13.61% is shown below :
8.33 % towards Family Pension Scheme
3.67% towards Provident Fund
1.61% towards administration charges
Regards
S. Achu

From India, Pune
Hello Mr Pani,
Dayakar has answered ur querry in a very right manner. All of 1.61% is paid by employer only in excess of 12%.
Achu: Dayakar is very right. This 1.61% is bifurcated into various accounts. 0.5 to EDLIS scheme, 1.1% to PF admin charges and 0.01 % to EDLIS admin charges.
Amit Goyal

From India, Delhi
Hi Achu and Amit,
As per your replies, I see that
8.33 % towards Family Pension Scheme
3.67% towards Provident Fund
1.61% towards administration charges
I think the right value of contribution percentage for Pension scheme and PF needs to be swapped. Actually it is
8.33 % towards Provident Fund
3.67% towards Family Pension Scheme
Please comment.
Rgds,
~Bhavesh

From India, Thana
Hi Bhavesh,
No it is true.. Out of 12% from employer contribution, 8.33% goes to Pension fund whereas 3.67% goes to Provident fund.
And employees contribution 12%, completely goes to Provident fund.
Regards,
Amit Seth.

From India, Ahmadabad
Hi Amit,
Thnx, but if this is the case then what would you say for the following numbers ?
The data is real and belongs to my salary details back in 1999-2000
My Basic + DA was 8,200
And as per my salary slip,
Employee's contribution = 984 (12% of 8200)
Employer's contribution to Pension = 417
Employer's contribution to PF = 567
According to you, employer contributes more to Pension fund (8.33%), but my salary reveals that
(Employer's contribution to Pension) < (Employer's contribution to PF)
Thnx,
~Bhavesh.

From India, Thana
Hi All,
Hope every one in this group have a sound knowledge about Provident Fund.
Considering this point, I, would like to ask 1 simply question---
Is it possible to replace EDLIS with GROUP INSURANCE SCHEME under LIFE INSURANCE Corporation of INDIA under PF act. Waiting for response .........
Thanks
Sandeep

From India, Delhi
Hi,
Lot of post provide limit for PF contribution as 780 per month i.e. 12% of 6500. Is this limit correct?
As per my understanding the limit for FPF contribution is 8.33% of basic or 8.33% of 6500 per month which ever is lower. So, if Basic salary is more than 6500 and EPF contribution is applicable then :
- employee contribution to EPF = 12% of actual basic and not just Rs. 780/-
- employer contribution EPF = 12% of actual basic minus FPF contribution i.e. Rs 541/- (this is not limited to 3.67% of 6500/- i.e Rs. 239/-)
- employer contribution to FPF = Rs. 541/-
Please clarify.
Regards
Manish

From India, New Delhi
Dear Amit,
Is it not fully with the discretion of the employee? If the employee don't want any contribution of the employer towards EPS then can we get full amount of PF of our contribution as well as company's.
Please clarify.
Santosh

From India

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