Employer's Contribution To Pf - Ppt Download

Hi Prabhakar,
Trisha is rightly informed that one can apply for pf withdrawl after 60 days of date of leaving.
And the current interest rate on pf amount is @ 8.5%.
And I completely agree with Mr. Chitti.
Regards,
Sashmita

HI, TRISHA
GOOD MORNING
WHAT ABOUT THE CONTRIBUTION FROM THE GOVT. SIMILARLY,
CAN YOU RE-CHECK ABOUT THE REATE OF INTEREST. MOREVER, THE INTEREST RATE IS DECIDED EVERY YEAR BY THE BOARD OF TRUSTEES BASED ON THE INCOME GENERATED OUT OF THE INVESTMENTS ETC.
WITH REGARDS
ASHOK KARATH

Govt dont contribute anything towards EPF apart from the interest given as per the prevailing rate of interest.
Currently the rate of interst is 8.5% pa for the FY 2006-07.
Regards,
Nilendra

Hi thr
Employers contribution - 4.75%
Employees contribution - 1.75 %
And its applicable to salary of 10000/- *(It was earlier 7500/- now amended) * Need to confirm
Regards
Yogesh

Hi
Can u explain the pension plan of employee and one of my new staff with drwan his PF Form past 9 years worked concern. If have any changes to recontinue his pension.
With Regards
Sasi

Dear Yogesh,
What you have written is for ESI contribution and not PF Contribution.
Dear Sasikumar,
your question is not at all clear. Can you pl explain it again
Regards,
Nilendra[/img][/quote]

YA SORRY IT'S 60 DAYS ONLY FROM DATE OF LEAVING.( AS PER ACT)
But one thing i would like to say that i my self submitted lot applications after one month from the date of leaving of the employees, they received the amount .
thanks
Prabhakar Rao.M

Hi All
Trisha is right . Minimum period required is 60 days from the date of Leaving the service for claiming the PF withdrawal when the person is not employed anywhere except his own business. However he can transfer the Account after the opeing of new PF account with new employer.
Thanks
Aparajita
Executive HR

Hi Sawarli,
As per my knowledge the employer contribution towards PF is 13.61%of basic.
detail are as follows:
A/c I Total of employer and employee contribution (3.67% +12%)
A/c II 1.1% of wages
A/c X 8.33% of wages.
A/c XXI .5% of wages.
A/c XXII .01% of wages.
Thanks and Regards
Vikas Kumar

Hi all,
Good contributions from all!
Thanks alot...
keep raising queries...so that new members like me will learn new things!
Regards
Veerendra :wink: