Employee Provident Fund - Doc Download

atulsngh11
i want to some information on employee provident fund ?
abbasiti
Dear Atulsingh,
Go through the existing threads on EPF and project the particular area of the information you want. Otherwise it will be difficult to respond.
Abbas.P.S
reshmakadam
Hi,
I have collected some information regarding PF.
Might be it is help you.
regards
reshma.
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7fb99eaa178b7e150cee28265
Reshma: Thanks for providing useful information. Please advise on following
1. Whether you have received PF statement for the period 2008-2009 in your office.
2. By what time PF statements for the period 2009-2010 should be made available to employees. Is there any stipulated time mentioned in Provident Fund act stating statements should be provided to employees by such dates.
3. Is rate of interest for the period 2009-2010 is decided, if yes, what is rate of rate of interest - kindly advise
Regards
Kumar
deepikabhatt
Are you working in any concern? Any establishment, employing more than 20 employees, is covered under Employees Provident Fund Act. There is a monthly return that company has to sent to Provident fund office where company pays contribution on the Earn Wages of the Employees. All employees getting upto 6500 Rs as their basic salary are entitled to PF. However, employee has to pay @ 12% of its earn wages and the rates at which company pa contribution is detailed below:
Employee Provident Fund - 3.67 %
Employee Pension Fund - 8.33 %
Employee Linked Deposit Scheme - 0.50 %
Administrative Charges -1.10 %
Inspection Charges - 0.01 %
b_shreeram
Dear Atul,
Here I have attached a PPT file about EPF. Hope you will get all information about EPF. Please find enclosed.
B.Shreeram
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b_shreeram
Dear Atul,

The PF contribution is 12% of Basic salary from both employee and employer. For the calculation the maximum limit of Basic is Rs 6500/-. It means even if the employee's basic salary is above Rs 6500/- the employer is liable to contribute only on Rs 6500/-, that is Rs 780. However if an employee so desires he may voluntarily contribute more than 12%. Apart from it an employer also has to pay some administration charges. I explain you the various accounts of PF challan.

A/c No 1: PF contribution Account

A/c No 2: PF Admin account

A/c No 10: EPS account

A/c No 21: EDLIS account

A/c No 22: EDLIS admin account

PF admin charge = Employer has to pay 1.1 % of basic

EDLIS: Employer has to pay 0.5% of basic

EDLIS admin charge:Employer has to pay 0.01% of basic

Total additional percentage employer has to pay: 1.61% of basic

So employer has actually to pay 13.61 % of Basic and employee has to pay only 12% of basic.

Employees complete 12% goes to PF account while employer contributions' 8.33% goes to Pension fund and 3.67% goes to PF fund.

Hope the above information will be helpful to you.

B.Shreeram
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