Assistant Engineer, Indian Telephone Industries,
Executive Hr

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Hi, can someone explain as what calculations have been done by the employer to calculate the pf amount. as per the salary slip :- Basic - Rs. 18000, E.P.F. - Rs.780.
From India, Delhi
Dear Hartman1,
Till 31.08.2014, the ceiling salary of EPF was Rs. 6500. Accordingly 12% to PF viz. Rs. 780 is correct. But w.e.f 01.09.2014, ceiling of salary hiked to Rs. 15000. Hence 12% of 15000 viz. Rs. 1800 /- has to be remitted to PF.

From India, Bangalore
Dear Hartman,
Need some clarification for PF Calculation.
Basic: Percentage from gross
DA: Fixed Amount
HRA: Based on the Location
Other allowances: As applicable
Based on the above details only we can calculate PF exactly.
Usual Employer PF Calculation is :
12% from Employee (BASIC+DA+OTHER ALLOWANCE)
(For PF Otherthan HRA all allowance should be treated as a basic)
12% from Employer (PF Basic)
1.1% - Admin charges PF (PF Basic)
0.5% - EDLI Charges (Employee Linked Insurance)
0.01% - Admin Charges EDLI
Total Employer Contribution is 13.61%
Kavitha S

From India, Chennai
Dear Abbas,
It is correct. Presently PF contribution is 12% on Basic Pay. If your basic pay is more than Rs. 15000/- then deduct Rs 1800/- and if it is less than 12% of Basic Pay for A/C No. 1. 8.33% of Basic for A/C No. 10. 3.67% of basic pay also to be added in A/C No. 1. Adm Exp 1.10% of Basic for A/C no. 2. EDLI 0.5% of Basic for a/c No. 20 and 0.01% of Basic for A/c No. 21.
Please let me know if you need any further information in this regard.
Pranab Chakraborty

From India, Delhi
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