Understanding Employer's Contribution Breakdown in PF Voluntary Coverage: What's Changed?

Employer's Contribution Breakdown Under PF Voluntary Coverage

1. What is the percentage breakdown of the employer's contributions under PF voluntary coverage, such as EPF, EPS, and admin charges, as per the new amendments in the act? According to my knowledge, the contribution is 10%, but what will be the breakdown, or are there any changes as per the new amendments?

2. A fixed amount of Rs 1500 (10% of Rs 15,000) will work in this scenario for every employee, or should it be variable for each employee based on 10% of their basic salary?

As the PF ceiling increased from ₹6,500 to ₹15,000 as of 01.09.2014, the Employer Contribution under PF Voluntary coverage also increases. Previously:

- **EPF Employees' Share:** ₹6,500 x 12% = ₹780
- **EPS Employer Share:** ₹6,500 x 8.33% = ₹541
- **EPF Employer Share:** ₹6,500 x 3.67% = ₹239
- **EDLI Charges:** ₹6,500 x 0.5% = ₹33
- **EPF Admin Charges:** ₹6,500 x 1.1% = ₹72
- **EDLI Admin Charges:** ₹6,500 x 0.01% = ₹0.65 (Rounded up to ₹1)

With the new ceiling:

- **EPF Employees' Share:** ₹15,000 x 12% = ₹1,800
- **EPS Employer Share:** ₹15,000 x 8.33% = ₹1,249.5
- **EPF Employer Share:** ₹15,000 x 3.67% = ₹550.5
- **EDLI Charges:** ₹15,000 x 0.5% = ₹75
- **EPF Admin Charges:** ₹15,000 x 1.1% = ₹161
- **EDLI Admin Charges:** ₹15,000 x 0.01% = ₹1.5 (Rounded up to ₹2)

I hope I have clarified your doubts. Please let me know if you have any queries.

Regards,
T. Prathap
HR Executive
Human Resource Department
Narayana Health Group of Hospitals
Email: [Email Removed For Privacy Reasons]
Mobile: [Phone Number Removed For Privacy Reasons].