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Service -accounts, Payroll, Employee Benefit
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Thread Started by #abhipsam

Dear Friends,
Pls help me figure out the details of PF calculation.
If the employee is earning more than Rs. 6500 it is 12% employee + 12% employer + 1% admin =25% of basic+Stipend+arrears
If the employee is earning less than Rs. 6500 employer pays 12% but employee is not bound to pay.
Is it so?
How much is deducted from employee's salary?
Pls help!
19th December 2013 From India, Bhubaneswar
Dear Abhipsa
Please find PF Calculations with Challan Details as placed below:-
Account 1 (PF) -
Employee Share - 12 %
Employer Share towards PF - 3.67 % + excess of Rs 541
Account 2 (Admin Charges for PF) -
Employee Share - NIL
Employer Share 1.10 %
Account 10 (Pension Fund) -
Employee Share - NIL
Employer Share 8.33 % subject to limit Rs. 541.
Account 21 (Insurance Fund) -
Employee Share - NIL
Employer Share .5 % .
Account 22(Admin Charges for Insurance Fund) -
Employee Share - NIL
Employer Share .01 % .
** If the salary of employee is more than Rs 6500 then the PF Contribution payable by employer is only limited to Rs 6500/- only (or Employer Wish to pay on more) as per Para 2 6 A (2) of PF Scheme.
21st December 2013 From India, Kota
Dear Abhipsa,
Few points to add with Mr. Akhil:-
- Salary means Basic + DA.
- Employee can contribute more than 12% of his salary in PF which is known as Voluntary PF contribution.
- In case of Exempted PF Trust amount of Employer share in A/C No.2 will be @0.18%.
Thanks & Regds,
Subhra Bhattacharya.
23rd December 2013 From India, Calcutta
Dear friends, how can i check my EPF Balance in online kindly help me regards P.Ramarajan
19th March 2014 From India, Cochin
i hav query regarding pf calculation and pf deduction how can i get it resolved working from 1983 and took vrs in 2004 co has not made any provision for pension how can i get my pension benefits as also pf is deducted only on basic excluding dearness allowances can they do so company is registered under companys act and pf act is applicable from 1982
17th December 2014 From India, Mumbai
Dear All, Please find enclosed herewith attachment of PF (provident fund ) administrative charges revised notification w.e.f. 1st January 2015
Reduction in Rate of Administrative Charges from 1.1 % to 0.85°%.(A/C 02).
19th June 2015 From India, Gurgaon

Attached Files
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File Type: pdf EPFO notice with GO.pdf (167.7 KB, 254 views)

PF (provident fund ) administrative charges revised notification w.e.f. 1st January 2015 & Detail of revision as under:-
Previous Rule:-
1. NO Employee : minimum Rs. 5 in A/c 2 and Rs. 2 in A/c 22.
2. Others:- 1.1% in A/c 2 and 0.01% in A/c 22.
New Rule:
1. NO Employee: minimum Rs. 75 in A/c 2 and Rs. 25 in A/c 22
2. Others:-
Calculate A/c 2 @ 0.85% , if it comes under Rs 500/- then paid minimum Rs 500.
A/c 22 @ 0.01% same as before but if it comes under Rs 200/- then paid Rs. 200.
19th June 2015 From India, Gurgaon
Please suggest me iam not able to find out process.
What is the procedure of IW-1 Nil return file for Intentional workers.
Thanks & Regards
17th December 2018
For any help in these matters, please visit: https://www.finacbooks.com/provident-fund-registration
6th February 2019 From India, New Delhi
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