Process of contribution of Provident Fund - What do A/C.01, A/C.02, A/C.10, A/C.21 & A/C.22 stand for?

rupeshkumar.kiran

Sir Can anyone please share the process of contribution of Provident Fund. What is A/C.01, A/C.02, A/C.10, A/C.21 & A/C.22 stands ????
21st November 2022 From India, Warangal

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PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION

Vmlakshminarayanan

Sr.manager - Hr&admin

Sitaramsn

Hr Freelancer

Gurupada1986

Hr Manager

Rupeshkumar.kiran

Employee

Gurupada1986

Account Number 1: It consists 12% of employee PF contribution and 3.67% of employer contribution. Account Number 21 : It consists 0.5% EDLI (Employee Deposite Linked Insurance) charges. Account Number 22 : It consists 0.01% EDLI administration charges.Account 10: This is a section where contributions to pension funds are mentioned.
21st November 2022 From India, New Delhi

rupeshkumar.kiran

Gurupada Ji What about A/C.02 ???
22nd November 2022 From India, Warangal

vmlakshminarayanan

742

Hi, please refer the following A/C No.2 : PF Admin account Employer contribution 0.5%
22nd November 2022 From India, Madras

sitaramsn

Now there are no Admn. Charges on EDLI.
24th November 2022 From India, Hyderabad

rupeshkumar.kiran

Sitaramsn Ji Now there are no Admn. Charges on EDLI, falls under which A/C.??????
24th November 2022 From India, Warangal

sitaramsn

A/c No. 2 is for EPF Admn. Charges. If you see the challan A/c No. 22 will be blank or 0.
25th November 2022 From India, Hyderabad

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Process of contribution of Provident Fund - What do A/C.01, A/C.02, A/C.10, A/C.21 & A/C.22 stand for?

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