Pf Deduction - Xls Download

jaya187
Dear Sir/ Madam,
Please help me to know about how much contribution required from Employee and Employer for PF Deduction. What we call this in HR Language and How many employees should be working in the Company for PF Deduction.
jeevarathnam
Hi
If your organisation is using power for manufacturing then minimum of 10 employees for PF registration.
Even of not 10 then you can enroll for voluntary registration.
for further details find enclosed excel sheet
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jaya187
Jeevarathnam,
Thanks for the support but in PF AND ESI Excel, i cud not able to understand properly few points which is mentioned below:-
1. If Employee Basic (Basic means Basic + DA/VDA) is Lesser than 6500
12% Contribution from the Employee and 12% Contribution from the Employer. Am i right?
But what is DA/ VDA Means what is that , can you please explain.
2. If Employee Basic (Basic means Basic + DA/VDA) is more than 6500
then please explain clearly.
and what is Admin Chareg, EDLI Charge & EDLI Admin Charge.
Please little clarify. I am fresher for HR. I have recently join a Events Company.
jeevarathnam
Hi
If you check the minimum wages act/factories act there if is mentioned clearly. Many of the organisations especially in IT industry they will not follow DA component as the basic is above minimum wages act. Here in this case Basic means Basic+DA
in PF apart from EE & ER contributions here are other charges like Admin charges, EDLI & EDLI Admin charges. It is mandate as per statutory
jivendrask
if the basic + DA is greater than the pf barrier say 19000/month then 12% will be deducted on whole basic (on 19000 rupees) or pf will be deducted on with in the barrier. if it is on whole basic (19000) does employer is bound to contribute on whole basic or employer can pay with in the barrier.
please solve the problem
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