I am a fresher. Please let me know about the calculation of EPF. Our salary basis consists of Basic + HRA + Special Allowance/Conveyance. I would like to understand the contributions from the employee and employer's parts.
I am a fresher. Let me know about the calculation of EPF. Our salary basis is Basic + HRA + Special Allowance/Conveyance. I want to know the contribution from the employee and employer's part.
I am a fresher. Let me know about the calculation of EPF. Our salary basis is Basic + HRA + Special Allowance/Conveyance. I want to know the contribution from the employee and the employer's part.
PF Contribution: 12% by the employer side and the same by the employee. It is calculated on the Basic salary only.
EPF contribution on Basic up to Rs. 6500. Employee contribution is 12%, and Employer's contribution is 3.67% for PF, 8.33% for Pension, 0.5% of EDLI, and 1.11% for admin charges. The total Employer contribution is 13.61%.
Regards,
J.N. Modi
[Phone Number Removed For Privacy Reasons]
EPF contribution on Basic up to Rs. 6500. Employee contribution is 12%, and the Employer's contribution of PF is 3.67% for EPS, 8.33% for Admin Charges, 1.1% for EDLI, and 0.5% for EDLI admin Charges. The total Employer contribution is 13.61%.
@ Modi, there are some small corrections that I have rectified. You can update them in your records too.
Regards
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