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Asso.prof.(commerce & Management)

Dear Team, I want to know how much is employee and employer’s pf contribution?
From India, Mumbai
Hi David,

Minimum salary limits: Employees with monthly salaries less than or equal to INR 15,000 now have to contribute mandatorily towards EPF. PF amount is calculated for the basic + DA and other allowances (except HRA).

Contribution of employees' PF will be calculated @ as 12% of the basic salary viz-

Provident Fund is to be calculated as follows e.g.:

If Basic salary is Rs. 25000/Month-PF Contribution of Employees' is restricted upto Rs.15,000, then 12% of 15,000: ₹1,800.00

Similarly, Employer has to contribute the matching contribution @ of 12% of 15,000: ₹1,800.00 (This 12% Employer contribution will be divided into 2 parts i.e. 8.33% Rs.1249.5 towards Employees' Pension Scheme (EPS) and rest 3.67% (Rs.550.50) towards Employee Provident fund. (Employer also pays other charges i.e.,Plus /Add:0.5% towards EPF Administration Charges + 0.5% EDLI Admin.charges directly to EPF office, which is not remitted to employees' a/c).

From India, Bangalore
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