Abbasiti
Assistant Engineer, Indian Telephone Industries,
Glidor
Hr Consultant
Omkar B
Article

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Dear Sir/Madam,
I have a query with respect to PF. If basic salary is 30000 rs then what will be the employee's and employers contribution. If possible support your answer with the relevant sections.

mandatory contribution is limited to 15000 salary
i.e employee contribution 12% = 1800 and employer contribution 12% =1800 (8.33 % 1250 is contributed to EPS and balance 3.77 % 650 is contributed to EPF)
above 15000 limit , if employer and employee both agree for voluntary contribution, then they agree to pay 12% of both shares , however the EPS share would be restricted to 1250 only

So then 12% of employee contribution and 3.67% of employer contribution will be calculated on 30000? And 8.33% of employer contribution will be calculated on 15000?
Dear OMKAR B,
Yes, 12% of employee contribution and 3.67% of employer contribution will be calculated on 30000 and 8.33% of employer contribution will be calculated on 15000.
There is a provision to contribute to EPS - 95 on full salary, if employee & employer wish. Kindly contact the Sub Regional PF Commissioner Office. If they are positive you have to contribute 8.33% on 30000 & 1.16% on 15000 to EPS.
Abbas.P.S

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