employee share in epf 12% .
Basic Salary - 25000/-
Epf Contribution as employee share- 3000/- (@12%)
But Now the question is now that why the employer contribution is maximum 1800/- . Need clarification.
From India, Shimla
Basic Salary - 25000/-
Epf Contribution as employee share- 3000/- (@12%)
But Now the question is now that why the employer contribution is maximum 1800/- . Need clarification.
From India, Shimla
Dear Chanchal,
PF contribution ceiling is Rs. 15000/- thus employer is not bounded to pay the contribution goes above the ceiling. Thus the contribution which is mandatory for employer is = 15000 * 12% = 1800 /- (Excluding other administrative charges). Still employer has a choice if he want to deduct PF on ceiling or with no ceiling.
377PF contribution ceiling is Rs. 15000/- thus employer is not bounded to pay the contribution goes above the ceiling. Thus the contribution which is mandatory for employer is = 15000 * 12% = 1800 /- (Excluding other administrative charges). Still employer has a choice if he want to deduct PF on ceiling or with no ceiling.
I don’t think this is the case if employer is deducting employees share on whole 25000 then how can he contribute according to ceiling. Unless its a case of VPF
From India, Pune
From India, Pune
Employee and employer can contribute to epf for salary above the mandatory limit.Such employees will also get pension at higher rate .
From India, Thiruvananthapuram
From India, Thiruvananthapuram
Already got ESI code no.However we couldn’t be compliance so far can be use the golden opportunity to get the fresh code no and compliance.
From India, Coimbatore
From India, Coimbatore
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ESI contribution rates lowering.pdf
SC Judgment-No obligation to excess contribution than Statutory Limit.docx