Total Funding Of Epf - Xls Download

vikastomar19
Dear Sir/mam,
Could you please tell me about the total funding scheme of the epf, which incliudes edli,pf,pension fund,govt. contribution. Ijudt want to know the contribution of each.
Regrds
Vikas
abbasiti
Generally PF contribution is 12% each from employee & employer. Out of the 12% of employer, 8.33% will go to Pension Fund and balance to PF. In addition the Central government will contribute 1.16% to pension fund.
Towards EDLI, employer has to contribute 0.5%. Besides employer has to pay administration charges @1.1% & 0.01% to PF and EDLI respectively. If they are not remitting to PF, Inspection charges @ 0.18 and 0.05 are payable.
Abbas.P.S
vikastomar19
Dear Mr. Abbas
thnk u very much for ur reply.
I hve known total funding in epf is 25.61%, Could you plz provide me break up for the same.
Regrds
Vikas
bijay_majumdar
Hi,
Pls find attached cal sheet for epf bifercation.
Thanks
Bijay
1 Attachment(s) [Login To View]

abbasiti
If a PF Trust monitered by employer provide equal or better benefits, they will get exempted from remitting to PF. In such cases, the PF accounts will be operated by these Trusts. Accordingly no administration charges will be payable to Pf, instead an inspection charge @ 0.18% has to be remitted to PF.
Abbas.P.S
abbasiti
If the contribution is 25.61, the split up will be 12 (employee)+12 (employer)+1.1 (admin charge)+0.5 (EDLI). But what about EDLI admin charge?
Abbas.P.S
pradipbhadreswardas@gmail.com
Dear Sir,
If I withdraw the PF, what amount should I get? If anyone highlights this with example on this I will be grateful.
Regards,
Prdip Das
vandanajsmalik
12(employee on total salary)+ 12(employer)+1.1(admin charges) +.01(inspection charges)+ .5(EDLI) = 25.61 .. tadda!!
1. 12% by employee of total salary, account no. 1
2. Out of employer's 12 %, 8.33 goes to pension fund account no. 10( that is calculated on total pension wages, i.e. maximum amount is Rs.6500) and rest 3.67% goes to provident fund account 1( i.e. actually equals to 12%from employee - 8.33% of that goes to pension fund)
3.Administration charges 1.1% in account no. 2
4. Inspection charges .01% in account no. 22
5. EDLIS 0.5% in account no. 21

I'll attach a file soon for better understanding
sumitk.saxena
Dear sir,
your above quote is true but this will need slightly modification, which i am going to modified hope u never mind.
A/C 1.= 12%(employee Share)+3.67% (employer share) of the EPF salary.
A/C2. = 1.1% of EPF salary.
A/C10= 8.33% of EPS salary (Deduction on pen. salary whose cealing is Rs.6500/- pm).
A/C 21= 0.5% of EDLI salary( Cealing is upto Rs. 6500/-)
A/C 22= 0.01% of EDLI Salary(Cealing is upto Rs 6500/-)
Thanks & Regards,
From,
Sumit Kumar Saxena
+91-9899669071
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