Understanding PF Deductions and Contributions: A Detailed Explanation

Hi,

Could anyone explain in detail about the PF and who is eligible for PF deduction? Also, from what salary range is this PF deducted?

Naveen

Dear Naveen,

Please go through this website: www.epfindia.com. You will have a fair enough idea about PF.

Regards,
Rangaraj

Hi Naveen,

Please find attached the Excel file that I have obtained from CiteHR itself. I am pasting it once again for your reference.

Regards,
Pooja

Hi, PF is deducted on the basic salary of up to Rs. 6500. Contribution is 12% each from employees and employers' end. Employers' contribution is divided into 2 parts: 8.33% contribution to the Pension Scheme and 3.67% to PF.

There are various other charges which the employer has to contribute, such as:

There are other contributions also made from the employer's side, they are as follows:
- 0.5% of the pension salary towards A/c No. 21
- 1.1% of the Basic Salary towards A/C No. 2
- 0.01% of the pension salary towards A/C No. 22

Regards,
Pooja