Pf Contributaion Bifurcation - Jpg Download - CiteHR
Jeevarathnam
Sr. Manager Hr/admin
YAMINI BHORE
Admin Executive/service

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Dear All,
Are there any changes/ amendment regarding PF Contributaion in percentage? If yes then could you help me with detials bifurcation details including admin charges which is paid to the governemnt.

It is already been discussed many times in the group
The calculation of EPF is as follows
• EE Contribution of 12%
• ER Contribution of 12% (Further splitted as EPS 8.33% and balance of 3.67% will be added to EE Contribution of EPF so EE contribution of 12% + ER contribution of 3.67% = 15.67% is EPF & ER Contribution of 8.33% is for EPS Account)
(If there is any new EPF member with the wages of above 15000/- then the member is not entitled to EPS. Entire EE Contribution of 12% + ER Contribution of 12% = 24% shall be accounted to EPF Only)
• Admin charges (Account 2) 0.85% or Rs. 500/- whichever is more.
• EDLI charges (Account 21) 0.50%
• EDLI charges (Account 22) 0.01% or Rs. 200/- whichever is more
• So total contribution is 12% from EE + 13.36% from ER (Including 1.36% of admin charges from ER)


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File Type: jpg EPF Calculation Flow Chart Rev copy.jpg (729.7 KB, 52 views)

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