Confused About Employer Contributions to EPF and Pension Fund? Let's Clarify Together

Employer Contribution to EPF and Pension Fund

My query is that, as per the provisions, the employer has to contribute 8.33% to the Pension Fund and 3.67% to the EPF Fund of their share. However, in my PF Passbook, the EPF contribution of the employer is shown at 8.67%, with the rest in the Pension Fund and Other Fund. My company is a very big MNC, so I can't question the judgment of its Compliance Department.

Clarification on Contribution Procedures

Is there any rebate or separate procedure for them? Because according to the circular available to me, it clearly states that the employee's share will go to the EPF Fund, and the employer's share will go to three funds, namely, 8.33% in the Pension Fund, 3.67% in the EPF Fund, and 0.5% in the EDLI Fund. Please clarify.

Kindly note, the PF contribution consists of Employee share (12%) and employer share PF (3.67%), which will be shown in the Deposit column. The Employer share EPS (8.33%) will be displayed in the Pension contribution section. When you calculate these contributions, the total will be 24% (Employee + Employer). Please note that you cannot see the EDLI contribution in the passbook.

Exactly, sir.

The company is depositing 8.33% of the employee's contribution in EPF and 3.67% in EPS, in addition to the 12% of the employee's share in the EPF Fund. I think the company is not doing it correctly as it should be 8.33% in EPF and 3.67% in EPS. Is the company doing it correctly?

Employee contribution of 12% and Employer contribution of 3.67% will be deposited into PF contribution account 01.

Employer's share of 8.33% will be deposited into the pension scheme account 10.

Employer's share of 0.5% will be deposited into account 02 as PF administrative charges.

Employer's share of 0.5% will be deposited into account 21 as EDLI charges.