Pension Fund Of Providend Fund - CiteHR
Abbasiti
Assistant Engineer, Indian Telephone Industries,
+1 Other

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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
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.
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

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