Understanding EPF Deductions: How Much Will Be Deducted from a $9600 Salary?

Dear Sirs,

Please let me know the employment provident fund contribution (deduction) for the two examples below in a simple way:

1) If the salary is $9600, what will be the EPF as per the recent rule?

2) What is the exact formula for EPF contribution (deduction)?

Thanks

Dear Shrinisar,

Please find the details which will help you for future reference.

Basic: 9600/-
Employee Contribution (12%): Rs. 1152/-
Employer Contribution (13.61%): Rs. 1307/-

Out of the Employer Contribution Rs. 1307/-, the following heads are there:
i) 8.33% of 6500/- (Limit of PF) towards Pension A/c: Rs. 541/-
ii) Out of 12%, balance amount towards PF A/c: Rs. 611/-
iii) 0.50% towards EDLI A/c: Rs. 48/-
iv) 1.10% towards Administration Charges A/c: Rs. 106/-
v) 0.01% towards Admin. & Security Charges A/c: Rs. 1/-
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Total Break-up of Employer Contribution: Rs. 1307/-

If you have any queries, please email me at routsamir@yahoo.com.

Samir
Manager - (P&A)

Dear Srini,

If the basic salary is Rs. 9600, then the PF calculation is as follows: Employee contribution: 12% on 9600. Employer's contribution: 13.61% on 6500 only because the pension contribution is restricted to Rs. 541 as mentioned by Samir. The other breakup is the same as Samir has given. Good work, Samir!

This employer's contribution has to be taken into calculating CTC of an employee. Feel free to contact me.

Saravanan Manager - HR & Admin Mail: hr@argus.in 9840274797

I have a doubt. Can anyone clarify, please? If the basic salary is $7,800, then the calculation would be as follows:

- Employee Contribution is 12% = $936
- Employer Contribution is 3.67% = $286
- Employer Pension Fund is 8.33% = $541
- Admin Charge = $86
- EDLI Charge = $39
- DLI Charge = $8

Thanks & Regards,
Bhargavi