EPFO - employer deducts and remits Rs. 2,400 from the employee which is equal to 12% and as employer contribution he remits Rs.1,800?

Udhaya73

Hi all... Please help me in this regard! Basic + DA of an employee is Rs. 20,000/- His employer deducts and remits Rs. 2,400 from the employee which is equal to 12% and as employer contribution he remits Rs.1,800 towards the employees EPF & EPS Account. Whether this is correct or not? Thanks in advance!
11th April 2019 From India, Kelambakkam

Add Reply → Start New →

vmlakshminarayanan

919

Hi,
contributing to EPF is mandatory for the employees who have a basic salary plus dearness allowance is up to Rs.15,000 (earlier it was Rs.6,500). So the employer is legally right to remit Rs.1800/- which 12% of 15000/-
Regards
V.M.Lakshminarayanan
11th April 2019 From India, Madras

Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.

Other Discussions That May Be Relevant

Employer says no information although epfo sms says amount transferred?

Pf withdrawal with out employer signature - new ammendment from epfo

Is there a timeframe for an employer to submit the completed pf forms to the epfo?

Related Files & Downloads Shared By Members

 Epfo-circular-d t-23-sept-2016- declaration-for m-new-form-11.p df

 EPFO MEMBERS BOOKLET.pdf

 Employer-employ ee_866.jpg

Interest Tags

Trending Tags

Trending

EPFO - employer deducts and remits Rs. 2,400 from the employee which is equal to 12% and as employer contribution he remits Rs.1,800?

Login Or Register