Confused About PF Deductions at My Startup Job – Are They Cheating Me?

Can anybody help me out with this? I have started working in a startup and am experiencing some confusion regarding PF deductions after checking my PF passbook in my UAN account.

Employer PF Deduction & Deposit in PF Account

- May: 1581 (Deducted) - 427 (Deposited)
- June: 1837 (Deducted) - 495 (Deposited)
- July: 2042 (Deducted) - 550 (Deposited)
- August: 2042 (Deducted) - 550 (Deposited)

Each month, approximately 27% of the deduction is being added to my PF account. Is this a rule, or are they cheating me? Please help me understand what to do in this case.

Thank you.

Deduction does not mean only PF; there are ESI, Profession Tax, and TDS as well. EPF is deducted at 12% of Basic+DA from the employee. Check your payslip for calculation.

Hi Ankita,

Maybe in the CTC, they would have declared, as you said. I mean both EE & ER contributions, and admin charges would have been deducted. Once again, is it not 27%, it's 12+12+1.36% = 25.36%?

Hi,

My salary slip includes Employer PF in CTC. Then they are showing the same amount as Employer PF in deduction. However, the PF Deposit of the Employer is around 27% of the Employer Deducted amount, and the Employee contribution is the same as written in the salary slip.

Hi,

My salary slip includes Employer PF in CTC. Then they are showing the same amount as Employer PF in deduction. However, the PF deposit of ER is around 27% of ER deducted, and EE is the same as written in the salary slip.

Also, there are other deductions mentioned separately than ER - PT, Gratuity, Medi Claim.