Confused About PF Challan Account No. 22? Seeking Clarity on the Correct Percentage

Hello dear, I am working in a manufacturing company and I have some confusion about the PF monthly challan. I know how to prepare the PF challan.

PF Account Details

- Account No. 1: 15.67%
- Account No. 2: 1.1% administration charges
- Account No. 10: 8.33% pension fund
- Account No. 21: 0.50% inspection charges
- Account No. 22: 0.01% or 0.005%

I have confusion regarding Account No. 22. How much percentage can we send to this account? I am waiting for your valuable reply.

Thanks & regards,

Mukesh Kamboj

EXECUTIVE (HR & ADMIN)

It is 0.01% for account number 22. When filling the challan, we must pay attention to account number 1. These points are as follows:

1. Employee's PF deduction from salary
2. The difference between 8.33% and 12%

If your company is an exempted unit under EDLI, then the charges for A/C No. 22 would be 0.005%. For others, it is 0.01%.

Regards,
S. Sethupathy, Excellent HR Services, Erode.

I have one doubt, please clarify. When we are paying above Rs 6500 salary per month, what is the process for crediting to EPF and FPF accounts? For example, I am paying Rs 9500 per month. Please send account details.

Thank you.

EPF and EPS Calculations

The calculations are as follows:

- A/c No. 1 - EPF: 12% + 3.67% = 15.67% on Basic
- A/c No. 2 - EPF Admin Charges: 1.1% on Basic
- A/c No. 10 - EPS: 8.33% for Maximum 6500, i.e., 542
- A/c No. 21 - EDLI: 0.50% for Maximum 6500, i.e., 33
- A/c No. 22 - EDLI Admin Charges: 0.01%

If you are contributing for the entire 9500 taken as basic, the calculation will be as follows:

- Employer: 1140 for EPF and EPS + 33 for EDLI + 1 for EDLI admin.
- Employee: 1140 for EPF

Out of the 1140 of Employer, only 542 will be taken for EPS, and the rest will be accounted for in EPF, i.e., 598.

Now, the accounting will be as follows:

- A/c No. 1 - 1140 + 598 = 1738
- A/c No. 2 - 105
- A/c No. 10 - 542
- A/c No. 21 - 33
- A/c No. 22 - 1

I hope this is clear.

Regards,
S. Sethupathy

PF Monthly Challan in Excel Format

Please find the PF Monthly Challan in Excel format with an automatic formula. Only fill in the basic amount; other calculations will be done automatically. I believe it will be helpful for all HR personnel.

I have more information about labor laws, monthly challans, and returns under the Factories Act. If someone needs any assistance, please feel free to contact me.

Regards,
Purushottam Dass Matta
[Email Removed For Privacy Reasons]
[Phone Number Removed For Privacy Reasons]

In case the employer takes insurance from any other company, then A/C 21 charges would be Nil, and A/C 22 charges would be 0.005%.

You have to fill up A/c 01 - 15.67% of EPS wages, A/c 02 - 1.11% of EPS wages, A/c 10 - 8.33% of EPS wages, A/c 21 - Zero, and A/c 22 - Zero. I am also filling as above.

Thanks,
Vinod Sharma
[Phone Number Removed For Privacy Reasons]

I am working in a manufacturing company, and I have some confusion about the PF monthly challan. I know how to prepare the PF ECR challan. Can you please explain the ECR challan process?