I have some doubts about PF Contribution. Here, I entered the details of the PF contribution that I know. Please help me determine 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 clarify, Employer PF = 8.33% and Pension = 3.67%, is this 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 clarify, Employer PF = 8.33% and Pension = 3.67%, is this correct or not?