Dear Seniors,
I totally got confused with the contribution of employer in Pf, As per my knowledge the maximum basic salary is 6500/- for employer and 8.33% amount of EPS and rest of 3.67% in EPF and 1.61% is admin charges, now the question is what is the amount in which we should can calculate the 3.67% or 1.61%. for Example the Gross salary is 10000/- Employee deducting 12% of the 10000/- Then what would b the Employer contribution in every account .
I am totally confused. Please help me out in the same.
I totally got confused with the contribution of employer in Pf, As per my knowledge the maximum basic salary is 6500/- for employer and 8.33% amount of EPS and rest of 3.67% in EPF and 1.61% is admin charges, now the question is what is the amount in which we should can calculate the 3.67% or 1.61%. for Example the Gross salary is 10000/- Employee deducting 12% of the 10000/- Then what would b the Employer contribution in every account .
I am totally confused. Please help me out in the same.