Understanding the 12% PF Contribution: Can Anyone Explain the Breakdown?

Hi Team,

I want to know the bifurcation of 12% amount from PF.

Regards

Hi,

Please find below the bifurcations. Also, find attached a document on complete PF details.

Percentages are calculated on (Basic Salary + DA):
- Employee contribution: 12%
- Employer Contribution (12% + 1.61%)
A] 12% Bifurcation
- 8.33% pension fund
- 3.67% Provident fund
Total 12%
B] 1.61% Bifurcation
- Employees Deposit linked insurance: 0.5%
- EPF Administrative charges: 1.1%
- EDLIS Administrative charges: 0.01%

Regards,
Shweta Nair

Thank you, Shweta, for the brief description!

QUOTE=shwetanair.11;1171822]

Hi, Pls find below the bifurcations. Also, find attached a document on complete PF details.

Percentages are calculated on (Basic Salary + DA)

Employee contribution: (12%)

Employer Contribution (12% + 1.61%)

A] 12% Bifurcation
8.33% pension fund
3.67% Provident fund
..............................................
Total 12%
..................................................

B] 1.61% Bifurcation
Employees' Deposit-linked insurance: 0.5%
EPF Administrative charges: 1.1%
EDLIS Administrative charges: 0.01%

Regards/Shweta Nair[/QUOTE]

According to the Provident Fund Act, out of the employer's contribution of 12%, 8.33% goes to the Pension fund, and 3.67% goes to the Provident Fund. You can check the act and confirm.

Dear Madam Shweta Nair,

I am heartily thankful to you for helping not only one person but all HR members, especially those who are in the learning phase or are new. I believe you will continue to provide such valuable data in the future as well.

Madam, I also require some ESI data in a similar manner.

Best Regards,
Naveen Kumar
Email: naveenkumarmsw@yahoo.com