Re: EPF [Thread 50361]

Dear All,
What is the Maximum employer share in PF. can it exceed 12% or not?
Please reply as soon as possible.
Thanks & regards,
Raj

Hi Raj,
According to me it cant be more than 12% and that to employer share of PF will be considered as 3.67% and remaining 8.33% as Pension fund.
For more details visit the website www.epfindia.com
Hope its clear for you, other members correct me if i am wrong........
Regards
Amith R.

Hi,
The employer share need not exceed the standard contribution – 12% or 10% as the case may be. However the employees can opt to contribute more upto 60% of their basic pay, as voluntary contribution. This would result in some amount of administrative overhead or the employer. Even if the employee opts for voluntary contribution at a higher leverl, the employer contribution need not increase.
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sree

employer can also contribute over and above 12% subject to prior permission from rpfc . it may be noted tht excess contribution by employer will be taxable under it act, 1961.
regards
paresh pathak

hi Raj,
The maximum contribution from employer for PF is 12%only,
in which employer share of PF will be considered as 3.67%
and remaining 8.33% as Pension fund.
I think you are clear now?
Enjoyeeeeeeeeeeeee :D
Anita

Hi All
Infact Employer Contributes 13.61%
and Employee contributes 12%
Pls correct if i am wrong.
Regards
Pushpa

Dear Pushpa,
the additional 1.61 % of employer contribution is sum total of admin charges and edli funds no connection with accumulations of employees pf accoount.
one clarification to my earlier comment; employer and employee contributions should be matching in cases where employer contributions is also enhanced to more than 12%. However, when employee contributes at voluntary higher rates employer can restrict its contributions to 12% only.
paresh pathak