What Is The Rule Of PF.(12% OR 24%)In Case Off Roll And On Roll

What is the rule of PF.I heard that Evey Company have different rule.I Agree.but my question is that from the basic,12% is PF from Employee Portion but what about another 12%Portion of Employer side.that also given from employee basic.Meance total 24%.
So is it aslo a rule of company.and why they cut from Employee.why they not giving from that Specific Company.

Dear Pankti
Irrespective of the employee status (On Roll or Off Roll), 12% on basic need to be contributed towards PF from employee side and the employer has to contribute the same but employer contribution should not be deducted from the employee salary.
Regards
Rajasekar

Hi,
Employer will not deduct PF@employer part from employees gross salary, while issuing the offer letter they mentioned like PF @ employer in Annual CTC break up. They will include it as benefits in CTC components. This is common in private companies.

employers contribution will be added in CTC, as its the cost towards the employee , and its the income of the employee. Employee's contribution will be deducted as its taken as deduction from the employee's side.

Hi,
This is the case where employee gross salary will be different in the appointment letter with ref to the communicated salary, In private companies they do the break up of pf as well as annual bonus which will be included in CTC.
Regards,
Nitesh

Dear Pankti,
The whole of 24% should not be deducted from employees salary as because the 24% is bifurcated into two parts ,that is 12% (employee contribution) and another 12%(employer contribution).That is why only 12% that is employees contribution to pf should only be deducted.Again the employers contribution is again bifurcated into two parts ,that is 8.33%(pension fund) + 3.67%(employers pf)+ an additional of 1.61 % as admin charges on employers contributions.
Regards ,
SATYAJEET

The position given by Mr. Satyajeet is correct as per provision. However, employer has the right to restrict it's contribution upto Rs.6500 if not already contributing at higher limit.
AK Chandok
RPFC ( Retd.)
<link no longer exists - removed>

Hi Friends...
Mr/Ms Pankthi Doubt is correct...In some of the companies employees portion nd employers portion of pf total 24% deducts from employees net pay,nt from gross....i hav such an experience also.. when i asked management their answer related to Mr.Nitesh answer........
Thanks Nd rgds
K.Jai

Dear Sumit,
Here is an small example
Onroll-You are an employee with organization "X"
Offroll-You are an employee with organization "Y" & Working as a consultant for organization "X"
Regards,
Nitesh

Dear Sir,
Some Companies as a policy, include the Employer Share of 12% PF amount in CTC. (Cost to the Company).
While in interview, while accepting the Annual Salary package, you might have accepted the same.
As such they deduct your 12% contribution and Employer share 125 = 24% in your salary. It is correct.
D.Gurumurthy
LL,HR&IR Consultant