For Ee and Er both PF contribution is 12%. From employer side, When do we need to apply EPS (8.33%) and EPF (3.67%)? Is there a basic salary limit for it?
From India, Bengaluru
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From India, Bengaluru
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Hi,
On the earned basic, the employer needs to contribute 8.33% to the pension contribution (with a maximum limit of Rs. 1250/-), and 3.67% goes to the PF contribution. If the pension contribution amount exceeds Rs. 1250/-, the balance amount should be moved to the PF contribution.
PF can be contributed on a minimum basic of Rs. 15000/- or the actual basic over and above Rs. 15000/- based on mutual consent of the employer and employee.
From India, Madras
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1015On the earned basic, the employer needs to contribute 8.33% to the pension contribution (with a maximum limit of Rs. 1250/-), and 3.67% goes to the PF contribution. If the pension contribution amount exceeds Rs. 1250/-, the balance amount should be moved to the PF contribution.
PF can be contributed on a minimum basic of Rs. 15000/- or the actual basic over and above Rs. 15000/- based on mutual consent of the employer and employee.
From India, Madras
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Calcu. pf Emp.eps.epf sample sheet for HR site..xls
EPF,EPS,EDLI.pp t