PF Contribution - Pf Contributions [Thread 511799]

Sir,
In my PF account amounting Rs. 450068.00 my contribution is Rs. 337946.00 where as company contribution is Rs. 112121.00 Is it in accordence with PF calculation formula and I wish to know the exact % deduction from the salary and employers contribution %.

Dear friends,
To get the exact details the salary details, service details, EPS details etc are to be furnished. However I shall give a general idea.
1) Employee contribution of 12% will go to EPF.
2) Out of the 12% of employer contribution 8.33% will go to Pension Fund and 3.67% will to EPF.
Based on the above ratio, approximate contribution by employee will be Rs.344733/- and employer will be Rs. 105335/- to PF.
Abbas.P.S

Since employer contributions of 8.33% are towards pension funds, these will not reflect in online account.
Shrikant Prabhudesai
HR Consultant,Mumbai
M 7738665045