Hi
Neha
P F is depending upon Basic+D A.
Both E.Yr & E.yee should contribute 12% on Basic+DA towards PF.
Out of 12% of employers share
8.33% will goes to Employee Pension Scheem(EPS-16/11/95)
&
Remaining 3.67% will goes to Employee Provident Fund
under EPF(M&P) Act,1952
Total 12% of employees share will goes to EPF
under EPF(M&P) Act,1952.
First u should take PF Nomination Form( Form-2) for each employee & then The above procedure will follows Through Diff. Forms.
About bBonus- That those E.yees Drawing Less than Rs3,500/- are eligible for bonus under Payment of Bonus Act,1965 & they were Eligible to draw 8.33%(Basic+DA ) minimum & 20%(Basic+DA ) Maximum subjected to your copmany's profits(Allocable Surplus).
& Those who r drawing more Than Rs3,500/-, for them it is called
Ex-gratia or PLP subjected to your Company Policies.
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Regds.
Rajesh-Trainee HR 8)