Dear Bandaru,
PF calculation is as follows:
Calculations:
- P.F from Basic Employee: 12% (P.F)
- Employer: 3.67% Provident Fund (A/c 1) + 8.33% Pension (A/c 10) + 1.10% Admin Charges on PF (A/c 2) + 0.50% EDLI (A/c 21) + 0.01% Admin Charges on EDLI (A/c 22)
- Totaling to 13.61% on basic * Pension (8.33% or 541/- whichever is less)
For full details on PF, click on the link below: [STATUTORY COMPLIANCE FOR H.R & LABOUR LAWS: Provident Fund Full Details](http://statutorycompliance.blogspot.com/2009/07/provident-fund-full-details.html)
Please review the corrected text above. Let me know if you need any further assistance.