Dear Learned Members,
As we all know that gov. have reduce the contribution rates for the month of May, June and July from 12% to 10 %. My question is, "what will be the breakup of employer's share?".
Earlier it was account 1 = 3.67% and for account 10 = 8.33%, but if I take the same ratio the jar file do not accept it. How to know what can be ratio? or we need to contribute 12% + 12 % both shares of employee and employers and the EPF department will refund additional 2%+2%?
There is not any clarification regarding the above subject. If any one will guide, it will be a great help.
Thanks & Regards.
Jayesh

From India, Mumbai
Dear Jayesh, You need to contribute 10% + 10 %.; There is no refund of 2%+2%; There is no change in any other rate of contribution by employer i.e. EPS , EPF Admn chg and EDLI.
From India, Mumbai
Thank you Akhil, But the Jar file is not accepting it.
From India, Mumbai
Dear Member
Out of 10% employer contribution, 8.33% goes to Account No.10 i.e, Employees' Pension Scheme and rest of 1.67% goes to Account No.1 i.e, Employees' Provident Fund.
N. LOKANADHA BABU
Sr.Manager-HR

From India, Guntur
Sir, Thank you to all. Regards. Jayesh
From India, Mumbai

If you are knowledgeable about any other fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2021 Cite.Co™

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server