Respected sir,
I have some doubts in PF Contribution here i entered the details of PF contribution which i know please help me whether it is correct or not
************************************************** ******
EMPLOYER'S CONTRIBUTION (13.61% on Basic )
PF = 8.33%
PENSION= 3.67%
EDLI = 0.50%
Admin charges for Pf = 1.10%
Admin charges for EDLI = 0.01%
************************************************** ******
TOTAL = 13.61%
************************************************** ******
EMPLOYEE'S CONTRIBUTION (12% on Basic)
PF = 12%
************************************************** *****
GRAND TOTAL (13.61%+ 12%)= 25.61
************************************************** *****
Just to know that Employer PF = 8.33% and PENSION = 3.67% is this right or wrong
I have some doubts in PF Contribution here i entered the details of PF contribution which i know please help me whether it is correct or not
************************************************** ******
EMPLOYER'S CONTRIBUTION (13.61% on Basic )
PF = 8.33%
PENSION= 3.67%
EDLI = 0.50%
Admin charges for Pf = 1.10%
Admin charges for EDLI = 0.01%
************************************************** ******
TOTAL = 13.61%
************************************************** ******
EMPLOYEE'S CONTRIBUTION (12% on Basic)
PF = 12%
************************************************** *****
GRAND TOTAL (13.61%+ 12%)= 25.61
************************************************** *****
Just to know that Employer PF = 8.33% and PENSION = 3.67% is this right or wrong