Employer contribution on PF is as follows:
- F.P.S.: 8.33% on salary (up to a maximum of Rs. 541 - calculated as 8.33% of 6500)
- E.P.F.: 12% on salary - F.P.S. as calculated above
- Admin. charges on EPF: 0.65% on total wages (paid for PF-covered employees) during the month
- Insurance Fund (EDLIF): 0.5% on total wages paid
- Admin. charges on EDLIF: 0.01% on total wages paid
Kindly review the breakdown and let me know if you need any further clarification.
I am aware that the P.F. contribution is as follows:
- Employer's Contribution to Provident Fund = 3.67%
- Pension Fund = 8.33%
- EDLI = 0.5%
- Admin. Charges = 1.1%
- Inspection Charges = 0.01%
Regards,
Nitin Kumar
Durha Constructions Pvt. Ltd.
New Delhi
I am writing to inform you about the P.F. contribution breakdown as follows:
- Employer's Contribution to Provident Fund = 3.67%
- Pension Fund = 8.33%
- EDLI = 0.5%
- Admin. Charges = 1.1%
- Inspection Charges = 0.01%
Regards,
Nitin Kumar
9968397780
Durha Constructions Pvt. Ltd.
New Delhi
Interestingly, I find there is a contribution to the insurance FUND (EDLIF): 0.5% ON TOTAL WAGES PAID!
Can you please share some more details on this? For instance, what is this insurance about and to what extent does it cover individuals? Is it for life or disability insurance? Your insights would be greatly appreciated!
Actual Employer's contribution to Provident Fund = 3.67%
Pension Fund = 8.33%
EDLI = 0.5%
Admin. charges = 1.1%
Inspection Charges = 0.01%
Friends, if you have any queries, please call me during office hours.
Regards,
Nitin Kumar
9711313149
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