Hello,
I want to know from any one in respect of the actual amount of PF contribution made by the employee under PF Act. We know that the eligibility for contribution of PF by the employee is Rs. 6500/- & the contribution made by both the employee and the employer are 12% & 13.61% respectively. I may be made clear in response to this post whether the %age of contributioni.e. 13.61% made by the employer includes the contribution of 12% by the employee plus 1.61% or an eligible employee contributes in total 12%+13.61%=25.61% from his salary which includes Basic + DA. If possible, it may be clarified with suitable examples the actual contributions made by both the employer & the employee if the salary (Basic+DA) of the employee is Rs. 6000/-.Thank u & hope to receive any reply from anybody in respect of the above.
[Biswajit Pani]
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I want to know from any one in respect of the actual amount of PF contribution made by the employee under PF Act. We know that the eligibility for contribution of PF by the employee is Rs. 6500/- & the contribution made by both the employee and the employer are 12% & 13.61% respectively. I may be made clear in response to this post whether the %age of contributioni.e. 13.61% made by the employer includes the contribution of 12% by the employee plus 1.61% or an eligible employee contributes in total 12%+13.61%=25.61% from his salary which includes Basic + DA. If possible, it may be clarified with suitable examples the actual contributions made by both the employer & the employee if the salary (Basic+DA) of the employee is Rs. 6000/-.Thank u & hope to receive any reply from anybody in respect of the above.
[Biswajit Pani]
E-mail Id: [Login to view]