Abbasiti
Assistant Engineer, Indian Telephone Industries,
+1 Other

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
dear allseeking your valuable co-operation for teh following case studykindly no discuss ..share it if only through on the parts depicted belowemployee X : basic pay : INR 66,00/-D.A : not applicableperiod of tenure with the organisation : ONE YEAR (note it pls the tricky part)nowas per the pf act- 12% is contribution of employee & 12% is employersalso out of these 12% ; 8.33% goes to the pension amountrest say 1.16% is with EDLS[a] what would be the actual pf amount[b] what is the total PENSION FUND amount the grand total of [a] + [b] thanking you anticipatorysincere regards
From India, Ahmadabad
as i know 12% from employer and 12% FROM employee. in the employee contribution goes to 8.67% in pancion and 3.67 in pf. after all 0.01edli admin charge.
From India, Udaipur
For a salary of Rs. 6600, PF contribution by both employer & employee will be 6600x12% = Rs. 792/- each. Out of the employer's share 1) Rs. 541 will go to the pension fund. 2) Balance 251 from employer & employee's 792, resulting a total of Rs. 1043/- will go to his individual PF account.
Abbas.P.S

From India, Bangalore
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.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™