PF Deduction In Salary Slip

Hi,
My name is Rachel and I am a newly-appointed HR Executive in my company. I would like to clarify one detail - which is the PF that is shown as a deduction in employee's salary slip? Is it employer's contribution (12% of basic) or employee's contribution or both? Also, if the amount is employer's contribution, where is employee's contribution shown?

Thanks & best regards.

The amount shown as deduction in the salary slip is employee's contribution.
The employer's contribution is added to the PF balance shown in the PF statement or PF card issued to the employees.
Hope this is of help to you.
Thanks & Regards,
Avika Kapoor

Avika is right, employee contribution is shown in the salary slip.
For more HR related information:White Eagle

Hi Avika & White Eagle,
Thanks for ur reply. One more clarification - suppose a candidate's CTC includes PF (at 12% of basic). Is this PF employee or employer's contribution? Does this mean that the PF in the CTC is just the company's way of giving less in hand and putting 12% of the basic into Voluntary PF?

Hi Rachel,
Employee pf contribution shown in the salary slip that is 12% on basic and employer pf contribution shown in CTC that is 12% on basic in this 12% (3.67% goes to Providend fund and 8.33 % goes to pension fund) so total 12%. These percentage are fixed by the government, employers must pay the contribution.
I hope u clear.

The 12% PF shown in CTC is the employer's contribution, please.
It is a way of interpretation that this means paying less salary but if you look at it, it is a way of helping you save for future.
Hope this clarifies your doubt.
Thanks & Regards,
Avika

Hi Avika,
What is the pecentage that an employee can contribute if he wants to contribute more then 12% of his Basic?
Regards
Ankur Jain

Dear Ankur,
If employee want to increase his share in PF then he can. PF act is not clear on maximum limit but PF authorities accept 12% statutorily contribution+12% voluntorily contribution of employee and they donot accpt inbetween formula. If we see payment of wages act it says total deduction can not be more than 50% from employee salary including everything.
Take written application from employee for increasing there contribution in pf clearly mentioning how much they want to contribute. company limit is fixed.
For more HR related information:White Eagle: PF Query