Provident Fund
The person drawing wage up to 6500 Per month is eligible for PF
The PF is calculated on the basis of basic+D.A(dearness allowance)
Here you have to note one thing
6500 is eligible only for normal people
upto 25000 for Physically challenged
Employees contribution:12%
Employer contribution:13.61%
3 Accounts are there in the calculation of PF
1.EPF-The Employees' Provident Fund Scheme
2.EPS-The Employees' Pension Scheme
3.EDLI-Employees' Deposit Linked Insurance Scheme
For the calculation of EPF-12% of Employee contribution is added and 3.67% added from employer's contribution
For the calculation of EPS- 8.33% will go for Pension from Employer contribution and
For EDLI-1.61% from Employer contribution
1.1% Admin charges For EPS and EPF
0.5% EDLI Premium
0.01% Admin charges for EDLI
ESI: Employee state insurance :
Employer contribution:4.75%
Employee contribution:1.75%
For More details visit Website :
http://www.epfindia.com
ESIC Home Page