Employment Provident Fund Contribution

Dear Sirs,
Please let me know employment provident fund contribution (deduction) for 2 below examples in simple way
1) if salary is 9600; what will be the epf as per recent rule.
2) what exact formula for EPF contribution(deduction)
Thanks

Dear Shrinisar,
Pls find the details,which will help u for future reference.
Basic: 9600/-
Employee Contribution(12%)- Rs 1152/-
Employer Contribution(13.61%)- Rs 1307/-
Out of the Employer Contribution Rs1307/- 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 Adminstration Charges A/c - Rs 106/-
v)0.01% towards Admin. & Security charges A/c - Rs 1/-
--------------------------------------------------------------------
Total Break-up of Employer Contribution - Rs 1307/-.
If any querry u need mail to me [Login to view].
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 break up is same as Samir has given.
Good work Samir !!!!!!!!!!!!!
This employers contribution has to be taken into calculating CTC of an employee.
Feel free to contact me
Saravanan
Manager - HR & Admin
Mail : [Login to view]
9840274797

Hi.
I have a doubt.can anyone clear me please. If the basic salary is 7800.Than the of calculation would be.
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