Greetings all,
Please provide me with a solution to my problem. I am actually confused about whether in PF Account No. 21, the amount is calculated based on pension fund wages or PF wages.
This situation has arisen because I am currently working with a colleague who calculates the amount in Account No. 21 based on PF wages, which, from my viewpoint, is incorrect. Please provide your valuable feedback.
Thank you.
From India, Delhi
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Please provide me with a solution to my problem. I am actually confused about whether in PF Account No. 21, the amount is calculated based on pension fund wages or PF wages.
This situation has arisen because I am currently working with a colleague who calculates the amount in Account No. 21 based on PF wages, which, from my viewpoint, is incorrect. Please provide your valuable feedback.
Thank you.
From India, Delhi
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Percentages are calculated on (Basic Salary + DA). Employee contribution: (12%). Employer Contribution (12% + 1.61%).
12% Bifurcation:
- 8.33% pension fund
- 3.67% Provident fund
Total 12%
1.61% Bifurcation:
- Employees' Deposit linked insurance: 0.5%
- EPF Administrative charges: 1.1%
- EDLIS Administrative charges: 0.01%
- Account 21: 0.5% of (Basic + DA) is paid by the employer towards EDLI Insurance Charges.
- Account 22: 0.01% of (Basic + DA) is paid by the employer towards EDLI Admin Charges.
- Account 2: 1.1% of (Basic + DA) is paid by the employer towards EPF Charges.
The details of various accounts of PF and detailed info on PF are attached.
Regards,
Shweta
From India, Mumbai
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7612% Bifurcation:
- 8.33% pension fund
- 3.67% Provident fund
Total 12%
1.61% Bifurcation:
- Employees' Deposit linked insurance: 0.5%
- EPF Administrative charges: 1.1%
- EDLIS Administrative charges: 0.01%
- Account 21: 0.5% of (Basic + DA) is paid by the employer towards EDLI Insurance Charges.
- Account 22: 0.01% of (Basic + DA) is paid by the employer towards EDLI Admin Charges.
- Account 2: 1.1% of (Basic + DA) is paid by the employer towards EPF Charges.
The details of various accounts of PF and detailed info on PF are attached.
Regards,
Shweta
From India, Mumbai
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This is correct upto some part. A/c. no. 21 & 22 will be caliculated on Pensionable wage i.e., max Rs.6,500/- only.
From India, Pondicherry
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From India, Pondicherry
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I have been working in an agriculture-based organization for one year. Additionally, my PF deductions have been made for the same duration. My PF number is MH/124703/1934. I would like to know how to access the details of my account. Please advise me.
Thanks & Regards,
Mr. Shinde Pradip
Mob: [Phone Number Removed For Privacy Reasons]
From India, Pune
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Thanks & Regards,
Mr. Shinde Pradip
Mob: [Phone Number Removed For Privacy Reasons]
From India, Pune
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Employee Benefits.doc
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