SOUBHIK KUMAR GHOSH
Hr - Incharge
Statutory Complaince/labour & Employment
Arpit Sharma Agra
Archana Meg Valar
there are some basic regarding pf
1. Pf is calculated on only basic of salary, not DA
2. Employee contibution is 12%
3. Employer contribution is devided in two parts
A) 3.67%- which goes directly in the pf account of an emplyee.
B) 8.33%- Which goes to family Pension Scheme.
Including above, employer has to pay Administrative Charges = 1.10% on
the total ammount of basic ie (6500 & above also).
Then Employer has to pay contribution for EDLI Scheme = 0.5% & Administrative charges =0.01% of the Ammount of total basic cosider for Family pension scheme which does not include total basic amount above 6500
So this total is= 12%( 3.67+8.33)+1.10+0.5+0.01=13.61% paid by employer.
6000 basic = Pf contribution by Emplyer=720+66+30+0.6=816.6
7th May 2007 From India, Pune
4th March 2009 From India, Bangalore
Dearness allowance though not there in defination of basic wages and contribution but it qualify under section 6 subject to Rs 6500/-. if any employee not giving DA as part of salary than only on basic.
8th April 2014
Please refer to the below mention claculation
A/C 1 (Provident Fund Employee's Contribution @ 12%)
A/C 1 (Provident Fund Employer's contribution @ 3.67%)
A/C 2 (Administration Charges @ 0.85% or (minimum) Rs.500/- whichever is more)
A/C 10 (Pension Fund Employer's Contribution @ 8.33%)
A/C 21 (Employee's Deposit Linked Insurance Employer's Contribution @ 0.50%)
A/C 22 (Administration Charges @ 0.01% or (minimum) Rs.200/- whichever is more)
31st May 2016 From India, Kolkata
Employee’s Contribution towards A/C 1 is Rs.8000 X 12% = Rs.960.00
Employer’s Contribution towards A/C 1 is Rs.8000 X 3.67%= Rs. 293.60
Towards A/C 2 is Rs.8000 X 0.85%- Rs. 68.00
Towards A/C 10 is Rs. 8000 X 8.33%- Rs. 666.40
Towards A/C 21 is Rs. 8000 X 0.5%- Rs. 40.00
Towards A/C 22 is Rs. 8000 X 0.01%- Rs. 0.80
Moreover A/C 2 and 22 , the minimum balance has to be taken care by the Employer.
15th June 2016 From India, Kolkata
13th April 2017 From India, Delhi
I want to know that Form no. 1(ESIC), 2(PF) & 11(PF declaration form) for employees is mandatory to submit in local PF office?
Because now a days employers are doing online registration of new employees & all the processes are shifted from manual to online so that I want that is this forms are compulsory to submit in Local PF / ESIC office.
Thanks & Regards,
10th May 2017 From United States, Santa Clara
As per latest amendment , the PF admin charges has been changed . So please follow this
A/c 1 EE (Employee Contribution) - 12%
A/c 1 ER (Employer Contribution) - 3.67%
A/c 2 (Administrative charges) - 0.65% with minimum of Rs.500
A/c 10 (Pension Fund) - 8.33%
A/c 21 (EDLI) - 0.5%
A/c 22 (Administrative charges for EDLI) - 0%
Total - 13.15% with minimum of Rs.500 for A/c2
EDLI Admin Charges (A/C # 22) for both Functional & Non Functional Establishments W.E.F 01-04-2017-No Sum is Payable/Nil (till 31-03-2017 @0.01% on EDLI Wages or Rs200/- which ever is higher).
11th May 2017 From India, Kolkata
As of now, Form 1 (ESIC Nomination) you have to submit it to the local ESI office within 10 days of the appointment, for which you will receive an identification number which is related to the Scheme. Form 2 (PF) is mandatory to submit in the PF office before 25th of the month. A consolidated monthly Statement of the same can be submitted to a regional office every 25th day of month. For form 11 also as you register under EPF, you need to submit a declaration to the EPF office. Refer the article in case of any queries: https://spiritofhr.wordpress.com/pf-...and-bonus-act/.
15th May 2017 From India, Bengaluru