Understanding PF Calculation: How to Handle Different Account Numbers and Wage Ceilings?

PF Calculation for Specified Account Numbers

I wanted to know the calculation for each specified account number like A/C No 01, 02, 10, 21, and 22 in PF. How much percentage is calculated on which amount? Do we have to consider wages that are more than the wage ceiling, for example, an employee having a basic salary of 7000/- or any employee having wages more than 6500?

For example, PF is calculated at 12%/10% (Exceptional) on the basic wages of an employee.

Please help, guys.

Regards,
Curious Guy

PF Deduction

If the Basic Salary is ≤ Rs 6500/-, PF = Basic x 12% = Employee Share. Rs. 6500 is the limit of PF deduction for Basic = Rs. 780/-. The Employer Share is 13.61% of Basic. The Total Deduction of PF is 25.61%, with the Employer contributing 13.61%.

Contribution:
- 3.67% = Provident Fund (A/c No.1)
- 8.33% = Pension Fund (A/c No.10)
- 0.5% = EDLIS - Employees Direct Linked Insurance Scheme (A/c No.21)

Administrative Charges:
- 1.10% of emoluments = Provident Fund (A/c No.2)
- 0.01% of emoluments = EDLIS (A/c No.22)

Regards,
Vrushy.