PF Query - Pension Fund [Thread 276011]

Dear All,
I have studied here that employee contribution of 12% is his PF amount. Employers 12% will be further divided into PF & Pension fund as 8.33% & 3.67% so total is 12%. remaining 1.61% is admin charges. They are further divided as 1.1% (Admin Charges), 0.5%(EDLI Charges) & .01% EDLI Admin charges. so total will be 13.61%
Now here the employer contribution becomes 13.61% instead of 12%
Kindly suggest Is Employer contribution is 12% or 13.61%
Regards,
Amrita

Dear Friend,
Employer contribution split in to two parts that is P.F (3.67%) + FPF (8.33 %), about 1.61% it an administration cost/charges to employer. As per P.F norms employer has to pay 1.61% administration charges on total wages and these charges not at all an income of employee. Note that at that time of withdrawal employee gets only 24% (employee 12% + Employer 3.67% (P.F) + 8.33% (FPF).
Anyway the same kind of questions has raised many times in this forum, my suggestion is you better use search tab which is left side on top. I am sure you will get bunch of information on this matter.

Hi Amrita,
As per my knowledge Employer contribution is 13.61 which actually is combination of 12% of Basic + DA amount of an employee which is as said by you furthur split as 8.33% goes to employees Pension find and 3.67 goes actually to employees PF account. Whereas reamining 1.61% from 13.61% are the administrative charges which are furthur divided as u said.
Hope you got the break-up correctly.
Regards,
Apeksha.

hai Amrita
As i know the employer contribution is 13.61 but only 12% of employer share goes into the employee PF account. and an employee also enjoy the benfit of EDLI
in case of permanent disablement and employee's family got the benfit after the death of employee
hope u got up
Regards
R.D.Sharma