The ceiling salary limit on EPF is Rs. 6500. Means upto Rs. 6500 it is mandatory. This include Rs. 6000 or all salaries equal to and less than Rs. 6500.
Beyond ceiling limit the contribution is optional for both employee and employer, subject to the discretion of the Regional PF Commissioner.
Generally the EPF contribution is 12% for both employee and employer. But in some specified areas, it is 10%. Out of the employer contribution 8.33% has to be credited with Pension Fund.
EDLI contribution is 0.5% to be remitted by employer. In addition employer has to pay and administrative charge of 1.1% towards PF account and 0.01% for EDLI.
For exempted PF Trust and in lieu of EDLI, employer need not pay admin charges. But they have to remit Inspection charges to EPF as 0.18% and 0.005% respectively (PF and EDLI).
Abbas.P.S
Beyond ceiling limit the contribution is optional for both employee and employer, subject to the discretion of the Regional PF Commissioner.
Generally the EPF contribution is 12% for both employee and employer. But in some specified areas, it is 10%. Out of the employer contribution 8.33% has to be credited with Pension Fund.
EDLI contribution is 0.5% to be remitted by employer. In addition employer has to pay and administrative charge of 1.1% towards PF account and 0.01% for EDLI.
For exempted PF Trust and in lieu of EDLI, employer need not pay admin charges. But they have to remit Inspection charges to EPF as 0.18% and 0.005% respectively (PF and EDLI).
Abbas.P.S